Submitted by David Stockman via Contra Corner blog, The so-called “trustees” of the social security system issued their annual report last week and the stenographers of the financial press dutifully reported that the day of reckoning when the trust funds run dry has been put off another year—-until 2034. Show More Summary
Last week, Trustees of the Medicare and Social Security programs released their annual reports. What wasn’t included? How to put these critical senior support programs on sustainable trajectories. Photo by Melina Mara/The WashingtonShow More Summary
Embattled College of DuPage President Robert Breuder asked for $1.5 million and several other perks in exchange for retiring early - demands the school's board of trustees soundly rejected before going on to award him a less lucrative buyout package that nonetheless sparked public backlash.
Every year the Social Security trustees issue their report on the financial condition of the program. In the past this release was generally accompanied by some serious deep breathing as reporters warned of multi-trillion dollar shortfalls and the impending bankruptcy of the program. Show More Summary
Janet Hobby, President of the Board of Trustees of the Menil Collection, announced that the institution?s long-serving director, Josef Helfenstein, has accepted the opportunity to become director of the Kunstmuseum Basel and is expected to leave the Menil in late 2015, after a highly successful twelve-year tenure. Show More Summary
This is the season when we hear calls to cut Social Security. That's because of the annual trustees report on the system's financial condition. Last week, the trustees reported that Social Security can pay all of its projected obligations through about 2034. Show More Summary
For the past few years, the Annual Social Security Trustee Report has effectively served as a yearly reminder to the American public of the grave funding issues threatening the solvency of the most important retirement income vehicle in the United States. The 2015 Annual Social Security Trustee Report is no [...]
Parrish Art Museum Board of Trustees Chairman Frederic M. Seegal, and President H. Peter Haveles, Jr., have announced the recent appointment of four new members to the Board. Philanthropist Veronica Atkins, former arts executive and Hamptons real estate agent Cee Scott Brown, financial services consultant James L. Show More Summary
"When will social security run out?" It's a question Social Security Finance Committee trustees ask themselves every year - and the American public more frequently than that.
Social Security does face long term demographics issues....as will any approach to making sure retirees have income.
The Social Security Trustees Report Just Came Out. Here's what you need to know about it.
Puerto Rico’s $72 billion debt crisis is changing day by day, but looming over investors in the island Commonwealth’s beaten down bonds, is the potential for default. Last week, Puerto Rico missed a payment to one of its trustees after the legislature failed to appropriate the required funds, according to Amey Stone of Barron’s. Show More Summary
The Social Security Trustees' annual report for Social Security and Medicare was released Wednesday, and once again has good news for Medicare. The Medicare Hospital Insurance (HI) Trust Fund will have sufficient funds to cover its obligations...Show More Summary
PHILADELPHIA (AP) -- Bill Cosby, once the very public pride of Temple University, parted ways with the school last year amid allegations that he had drugged and sexually assaulted women. Now that his own words show behavior that wasShow More Summary
Eleven million people face a deep cut in benefits next year if Congress fails to replenish Social Security’s disability trust fund, the administration said.
The Social Security trustees delivered a harsh blow Wednesday to those who claim the system is structurally unsound, requiring major cutbacks. In their annual report for 2015, they declared that the program's fiscal health has improved over the last year, for predictable reasons: The economy is...
As long as we're on the subject of annual trustees reports, the 2015 Medicare report was released today too. And if the Social Security report was slightly good news, the Medicare report is, once again, spectacularly good news. Here's the 75-year spending projection from ten years ago vs. Show More Summary
Obamacare has breathed temporary new life into Medicare, but the program, along with Social Security, is still on track to run out of money within 20 years, trustees of the programs announced Wednesday. Their regular reporting of the...Show More Summary
AFL-CIO President Richard Trumka released the following statement in response to the release of the 2015 Old-Age, Survivors and Disability Insurance (OASDI) Trustees Report.