On Monday, September 26, Social Security will publish a final rule to update the criteria we use to evaluate disability claims involving mental disorders. This rule, “Revised Medical Criteria for Evaluating Mental Disorders,” is the most comprehensive revision to the criteria since 1985. Continue reading
Few things are more important to a secure and dignified retirement than Social Security. It plays a large role in the economic well-being of Latinos. According to the President’s Council of Economic Advisers, Latino and African American households have significantly less in retirement savings than white households, and about half of elderly Latinos receive more than 90 percent of their income from Social Security.
President Obama has pressed consistently to ensure that Latinos, and all Americans, recover from the lingering economic depression so that they can have a strong foundation for retirement. At the 2015 White House Conference on Aging, he pointed out in his remarks that every budget request submitted to Congress has included a proposal to automatically enroll workers without access to a workplace retirement plan in an IRA. Soon after that, the U.S. Department of the Treasury launched myRA, a simple, safe, and affordable new savings option for those who don’t have access to a retirement savings plan at work.
Regardless of the efforts of President Obama and others, the responsibility to save for retirement is on each of us. Social Security offers a basic level of protection, but it was never meant to be the only source of post-retirement income. Unfortunately, only 27 percent of Latinos between the ages of 21 and 63 participate in an employment-based retirement plan.
Our retirement security depends on us making a commitment to put money away, particularly at the beginning of our careers. A 25-year-old who begins saving $100 a month and earns five percent interest will have more than $150,000 at the age of 65.
During Hispanic Heritage Month, one of the things we can celebrate is the economic progress of Latinos in this country. The latest Census data states that in 2015 Latinos saw the fastest growth in median household income and access to health insurance coverage and the largest declines in poverty rates. To continue that progress, we must also think about how we create safe and secure retirements for ourselves and for our families. President Obama has said, “If you’ve worked hard all your life, you deserve a secure retirement.” Social Security does its part in securing your today and tomorrow, but this means we should do our part and take advantage of the opportunities that allow us to save to make sure we have a dignified retirement.
There’s no denying that we all need a helping hand every now and then. Whether it’s to change a tire, move into a new home, or build a tree house, knowing someone is there to lend a hand is always reassuring. Social Security offers this same assurance to all those we serve each day, including beneficiaries with disabilities. When you’re ready to return to work or work for the first time, we’re here.
Our Ticket to Work program offers beneficiaries with disabilities access to meaningful employment. Employment occurs with the assistance of Ticket to Work employment service providers called Employment Networks. The primary goals of employment networks are to assist you with a variety of work-related tasks to prepare you for the workforce. Our beneficiaries get help finding a job and staying employed, as well as instruction on their wage-reporting responsibilities to Social Security. Ultimately, they assist in guiding you back to work! Continue reading
We know the contributions of Hispanics can be traced to before the origins of the United States with the discovery, exploration, and naming of many places in our nation, such as state names like California, Colorado, and Texas and city names like San Antonio, Santa Barbara, and Boca Raton. Hispanics have influenced every facet of life, from language to our cultural development. Hispanics play a crucial role in American life. Continue reading
Natural disasters bring out the best in people. The ever-present generosity of Americans is front and center right now, as we try to help the victims of the Louisiana flood. Millions have given their time and donated to the relief funds and charities.
Unfortunately, times like these also bring out people looking to profit from others’ misfortune. For example, by creating fake charities and devising other ways to take advantage of donors. Continue reading
Social Security provides survivors and disability insurance for workers and their families. Through times of tragedy and despair, we’ve risen with the American spirit to provide support to those we serve. Like few other times in our history, was our agency’s presence needed more than after the terrorists’ attacks of September 11, 2001.
Fifteen years have gone by but that tragic day is still present in our memories and hearts. We remember where we were and what we were doing when our nation was forever changed. We remember the innocent lives lost. We remember the courage of the first responders who risked, and even lost their lives to save others. And at that time, we remembered our commitment to be with you through life’s journey, helping secure today and tomorrow. Continue reading
The transition to adulthood can be challenging, especially for young people with disabilities who come from low-income families and receive Supplemental Security Income (SSI). Social Security is with you through life’s journey, helping you secure today and tomorrow. Part of that commitment is creating a path for children with disabilities that leads to rewarding lives as adults. Continue reading
Some of you may have celebrated the holiday by beginning to think about exiting the labor force — and beginning your retirement years. Individuals born in 1950, especially, may be thinking about it because they reach their full retirement age of 66 this year. Who are they, these folks born in the year Elvis Presley had his first job — as an usher at a movie theater? Continue reading
Centuries later, there are new horizons to explore and you can do it from the comfort of your home or office. With Social Security, you can discover a new world of information and services at www.socialsecurity.gov. Continue reading
Disability is unpredictable and can happen to any person, at any age. Millions of Americans live with disabilities that are the result of a sudden traumatic event or onset of a serious medical condition. Continue reading