• Submit a Job OPENING
  • Job Board
  • Submit a Press Release
  • Top 40 Law Firms AWARDS
  • Contact
TOP 40 Law Firms
NextGen Leaderboard-728×90-1f
NextGen Leaderboard-728×90-1a

  • Antitrust Law
    • Civil Rights Law
    • Environmental Law
    • Securities Law
  • Business Law
    • Bankruptcy Law
    • Corporate Tax Law
    • Corporation Filings Law
    • Contract Law
    • Entertainment Law
    • International Business Law
    • Mergers and Acquisitions Law
    • Technology Law
  • Bankruptcy Law
    • Business Bankruptcy Law
    • Personal Bankruptcy Law
  • Criminal Law
    • Criminal Defense Law
    • Dui and Dwi Law
    • Federal Criminal Defense Law
  • Employment Law
    • Discrimination Law
    • Harassment Law
    • Social Security Law
    • Social Security and Disability Law
  • Family Law
    • Adoption Law
    • Custody Law
    • Divorce Law
    • Elder Law
    • Nursing Home Abuse Law
  • General Litigation
    • Consumer Protection Law
    • Health Care Law
    • Immigration Law
  • Insurance Law
    • Auto Accident Law
    • Aviation Law
    • Brain Injury Law
    • Disability Law
    • Medical Malpractice Law
    • Motorcycle Accident Law
    • Personal Injury
    • Product Liability Law
    • Special Needs Law
    • Truck Accident Law
    • Work Injury Law
    • Wrongful Death
  • Intellectual Property
    • Copyright Law
    • Patent and Trademark Law
  • Law Guide
    • Arbitration and Mediation Law
    • Estate Planning Law
    • Law Firm Marketing
    • Legal Malpractice Law
    • Wills And Trusts Law
  • Real Estate Law
    • Commercial Real Estate Law
  • SUBMIT A JOB OPENING
  • Job Board
  • Submit a Press Release
  • Display Advertising
  • Contact
  • Become a Law Forum Moderator
  • Top 40 Law Firms AWARDS
Headlines
  • [ January 21, 2021 ] Prevedere Receives An Additional Patent from U.S. Patent Office on Its… Law Intellectual Property
  • [ January 20, 2021 ] Sheraton BWI Airport Multi-Million Dollar Renovation Law Intellectual Property
  • [ January 20, 2021 ] K Street Group Announces K9 and Tactical Training Academy Offers… Law Attorneys
  • [ January 20, 2021 ] QuantaVerse Launches New Financial Crime Investigation Report to… Law Attorneys
  • [ January 20, 2021 ] Ligori & Ligori Attorneys at Law Welcome Thomas McFadyen to their… Law
HomeSocial Security and Disability LawTrustees Urge Quick Action Amid Social Security Outlook

Trustees Urge Quick Action Amid Social Security Outlook

August 18, 2016 myadminsite Social Security and Disability Law Comments Off on Trustees Urge Quick Action Amid Social Security Outlook

Tampa, FL (Law Firm Newswire) August 18, 2016 - New projections from trustees indicate that Social Security will begin to outspend its earnings by the end of the decade. The annual report cautioned that action was required sooner rather than later to boost funds and avoid disrupting the lives of millions of people who depend on the government program.

NextGen Medium-Rectangle-300×250-3d

Social Security’s financial outlook remains unchanged from last year’s projection. The program is likely to run out of funds by 2034. The date applies to the Disability Insurance (DI) and Old-Age and Survivors Insurance trust funds. Trustees warned that Congress’ failure to act on DI solvency within the next seven years could result in a sweeping benefits cut across the board.

“If Social Security funds are allowed to deplete, millions of elderly and disabled Americans could suffer a detrimental slash in benefits,” said David W. Magann, a prominent attorney in Tampa, Florida, whose firm specializes in Social Security disability law. “Policymakers must address the solvency challenges facing the program. Careful management of resources through a combination of measures can help preserve the program for future generations.”

Around 11 million individuals received benefits from Social Security Disability Insurance in 2015. The aging of the population is a key force behind the program’s projected growth. As Americans age, more and more people become eligible for benefits.

The report predicted an estimated 0.2 increase in Social Security benefits after the official 2017 cost-of-living adjustment at yearend. Millions of Social Security recipients would get less than a $2.50 rise in monthly payments. Increases are dependent upon a government gauge of inflation, which has been low.

“Lawmakers should address these financial challenges as soon as possible,” the trustees’ report concluded. “Taking action sooner rather than later will permit consideration of a broader range of solutions and provide more time to phase in changes so that the public has adequate time to prepare.”

David W. Magann, P.A.
Main Office:
156 W. Robertson St.
Brandon, FL 33511
Call: (813) 657-9175

Tampa Office:
4012 Gunn Highway #165
Tampa, Florida 33618


View Larger Map

See other news sources publishing this article. BETA | Tags: attorney, Florida, funds, law, outlook, Social Security Disability Insurance

NextGen Leaderboard-728×90-1f
Previous

Circumstances that Terminate Spousal Support in Virginia

Next

Patient Coded Due to Over Administration of Narcotic Painkillers

Related Articles

Social Security and Disability Law

Audit Reveals Social Security Paid .7 Million in Benefits to Dead Federal Workers

September 22, 2017 myadminsite Social Security and Disability Law Comments Off on Audit Reveals Social Security Paid .7 Million in Benefits to Dead Federal Workers

Tampa, FL (Law Firm Newswire) October 11, 2016 – The Social Security Administration (SSA) paid deceased federal employees $1.7 million in benefits for an average of seven years after they died. According to an audit […]

Social Security and Disability Law

New Rules Make Flying Easier for Passengers With Disabilities

September 17, 2017 myadminsite Social Security and Disability Law Comments Off on New Rules Make Flying Easier for Passengers With Disabilities

White Plains, NY (Law Firm Newswire) January 13, 2014 – Flying may become easier for people with disabilities, thanks to new federal rules. New York Elder Law and Estate Planning Attorney Bernard Krooks The U.S. […]

Social Security Law

New Age Eligibility Proposals for Social Security and Medicare Need Extensive Study, Says Tampa Social Security Attorney

September 17, 2017 myadminsite Social Security Law Comments Off on New Age Eligibility Proposals for Social Security and Medicare Need Extensive Study, Says Tampa Social Security Attorney

Tampa, FL (Law Firm Newswire) January 22, 2013 – The debate over eligibility ages for Social Security and Medicare continues. While proposals to raise the eligibility ages for Social Security and Medicare stay in the […]

Law Categories

Latest News

  • Prevedere Receives An Additional Patent from U.S. Patent Office on Its…
    January 21, 2021 Comments Off on Prevedere Receives An Additional Patent from U.S. Patent Office on Its…
  • Sheraton BWI Airport Multi-Million Dollar Renovation
    January 20, 2021 Comments Off on Sheraton BWI Airport Multi-Million Dollar Renovation
  • K Street Group Announces K9 and Tactical Training Academy Offers…
    January 20, 2021 Comments Off on K Street Group Announces K9 and Tactical Training Academy Offers…
  • QuantaVerse Launches New Financial Crime Investigation Report to…
    January 20, 2021 Comments Off on QuantaVerse Launches New Financial Crime Investigation Report to…
  • Ligori & Ligori Attorneys at Law Welcome Thomas McFadyen to their…
    January 20, 2021 Comments Off on Ligori & Ligori Attorneys at Law Welcome Thomas McFadyen to their…
  • Save the Storks’ Statement on the Anniversary of Roe v. Wade and…
    January 20, 2021 Comments Off on Save the Storks’ Statement on the Anniversary of Roe v. Wade and…
  • CobbleStone Software Announces Partnership With Paralegals Connect
    January 20, 2021 Comments Off on CobbleStone Software Announces Partnership With Paralegals Connect
  • LexisNexis Adds Lexis+ Litigation Analytics to the Lexis+ Ecosystem
    January 19, 2021 Comments Off on LexisNexis Adds Lexis+ Litigation Analytics to the Lexis+ Ecosystem
  • Attorney Marques Eason Releases Memoir Chronicling His Battle With…
    January 19, 2021 Comments Off on Attorney Marques Eason Releases Memoir Chronicling His Battle With…
  • Venio Systems Announces Venio Cloud, New End-to-End eDiscovery SaaS
    January 19, 2021 Comments Off on Venio Systems Announces Venio Cloud, New End-to-End eDiscovery SaaS
  • Associate Attorney Gessimbergue Monteiro Joins Morris Law Group
    January 19, 2021 Comments Off on Associate Attorney Gessimbergue Monteiro Joins Morris Law Group
  • Argo and Envoy Global Announce New Partnership To Enhance Consular…
    January 19, 2021 Comments Off on Argo and Envoy Global Announce New Partnership To Enhance Consular…
  • NetDocuments Records Unprecedented Growth Among Law Firms and Legal…
    January 19, 2021 Comments Off on NetDocuments Records Unprecedented Growth Among Law Firms and Legal…
  • New Generations Institute Poll Resolves Controversy Over Kamala’s…
    January 19, 2021 Comments Off on New Generations Institute Poll Resolves Controversy Over Kamala’s…
  • CobbleStone Software Recognized as CLM Industry Leader by Digital.com
    January 18, 2021 Comments Off on CobbleStone Software Recognized as CLM Industry Leader by Digital.com
  • Fort Lauderdale Personal Injury Attorney David Tabb Joins Wolf &…
    January 18, 2021 Comments Off on Fort Lauderdale Personal Injury Attorney David Tabb Joins Wolf &…

Find an Attorney

Credit Repair Solutions2
Credit Repair Solutions4
How do I repair my credit

Sign up to Top 40 Law Firms Newsletter

Latest Headlines

  • Prevedere Receives An Additional Patent from U.S. Patent Office on Its… January 21, 2021
  • Sheraton BWI Airport Multi-Million Dollar Renovation January 20, 2021
  • K Street Group Announces K9 and Tactical Training Academy Offers… January 20, 2021
  • QuantaVerse Launches New Financial Crime Investigation Report to… January 20, 2021
  • Ligori & Ligori Attorneys at Law Welcome Thomas McFadyen to their… January 20, 2021

Featured Video

Featured Video 2

Have You Read Law Guides

  • Department of Defense to Address Sexual Assault in the Military
    June 26, 2019 Comments Off on Department of Defense to Address Sexual Assault in the Military
  • Corrections Officer Who Fell While Going to Her Car to Retrieve an Item Gets Benefits
    June 25, 2019 Comments Off on Corrections Officer Who Fell While Going to Her Car to Retrieve an Item Gets Benefits
  • Mortgage Lender Executive Admits Role in Nearly 9 Million Dollar Embezzlement Scheme
    June 24, 2019 Comments Off on Mortgage Lender Executive Admits Role in Nearly 9 Million Dollar Embezzlement Scheme
  • Student in School Bus Hospitalized After Crash With Tractor-Trailer
    June 24, 2019 Comments Off on Student in School Bus Hospitalized After Crash With Tractor-Trailer
Credit Repair Solutions1
Credit Repair Solutions3
Credit Score Ad Banner

Topics of Interest

government contract vehicles - buy property in uk with bitcoin - government contract lawyers - government contract - buy a house with bitcoin uk - bitcoin real estate california - how to contract with the federal government - crypto real estate - government contract attorneys - buy homes with bitcoin - federal government contractor - business contract government small - bitcoin real estate listings - contracts government - government construction contract - real estate accepting bitcoin - contract government law - homes for sale accepting bitcoin - government contracts attorney - government contracts attorney jobs - federal government contracting - buy house with bitcoin - federal government contract - us government contract law - buy a house with litecoin - buying real estate with cryptocurrency - bitcoin house - government contract law firms - real estate companies that accept bitcoin - contract cost direct government - work contractor government - buy real estate with crypto - attorney contract government - how to buy a house with crypto - government contracts
Topics of Interest
real estate accepting bitcoin - contract government law - us government contract law - work contractor government - contracts government - buy property in uk with bitcoin - how to contract with the federal government - buy real estate with crypto - homes for sale accepting bitcoin - buy a house with litecoin - buying real estate with cryptocurrency - bitcoin real estate listings - business contract government small - buy homes with bitcoin - government contract attorneys - attorney contract government - federal government contractor - federal government contracting - government contracts attorney jobs - buy a house with bitcoin uk - government contracts - how to buy a house with crypto - bitcoin house - bitcoin real estate california - real estate companies that accept bitcoin - government contracts attorney - government contract - contract cost direct government - crypto real estate - buy house with bitcoin - government contract vehicles - federal government contract - government construction contract - government contract law firms - government contract lawyers
  • Law Intellectual Property

    Prevedere Receives An Additional Patent from U.S. Patent Office on Its…

    "We are extremely pleased with the addition of the patent," said Rich Wagner, CEO of Prevedere. "This new issuance expands [...]
  • Law Intellectual Property

    Sheraton BWI Airport Multi-Million Dollar Renovation

    Share Article Sheraton Hotel at Thurgood Marshall BWI Airport announces Mulit-Million Dollar Renovation Linthicum Heights (PRWEB) January 20, 2021 Sheraton [...]
  • Law Attorneys

    K Street Group Announces K9 and Tactical Training Academy Offers…

    Protecting your most important assets around the globe, 24/7 LEBANON, N.J. (PRWEB) January 20, 2021 Apart from 2021, the World [...]
  • Law Attorneys

    QuantaVerse Launches New Financial Crime Investigation Report to…

    “The Level 1 FCIR was designed to make investigations conducted by first-level analysts more efficient,” explained David McLaughlin, CEO and [...]
  • Law

    Ligori & Ligori Attorneys at Law Welcome Thomas McFadyen to their…

    I look forward to working with the well-respected team at Ligori & Ligori and am dedicated to providing clients with [...]
Latest Headlines
  • Prevedere Receives An Additional Patent from U.S. Patent Office on Its… January 21, 2021
  • Sheraton BWI Airport Multi-Million Dollar Renovation January 20, 2021
  • K Street Group Announces K9 and Tactical Training Academy Offers… January 20, 2021
  • QuantaVerse Launches New Financial Crime Investigation Report to… January 20, 2021
  • Ligori & Ligori Attorneys at Law Welcome Thomas McFadyen to their… January 20, 2021
  • Save the Storks’ Statement on the Anniversary of Roe v. Wade and… January 20, 2021
  • CobbleStone Software Announces Partnership With Paralegals Connect January 20, 2021
  • LexisNexis Adds Lexis+ Litigation Analytics to the Lexis+ Ecosystem January 19, 2021
In the Spotlight

K Street Group Announces K9 and Tactical Training Academy Offers…

Protecting your most important assets around the globe, 24/7 LEBANON, N.J. (PRWEB) January 20, 2021 Apart from 2021, the World [...]

Copyright 2017 Top 40 Law Firms