Trustees Report on Old-Age and Survivors Insurance and Disability Insurance Trust Funds
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چکیده
be concentrated at the older ages (54 percent of all widows under age 65 were aged 55-64 in 195’7) makes it relatively more difficult for them to obtain employment if they are out of a job. Characteristically, employment of women is relatively high in December because of Christmas work in retail stores. Although late in 1957 unemployment among men was climbing rapidly, it was not much higher among women than it had been a year earlier. Data are not available on the number of widows under age 65 receiving unemployment insurance benefits in that month, but probably it was roughly the same as in December 1956, when it was estimated at 35,000-45,000. old-age and survivors insurance trust fund. Disability insurance benefits, which became payable beginning with July 1957, and the administrative expenses of the disability insurance program, are paid from this fund. The 1956 amendments to the Social Security Act also extended the contributory coverage of the old-age and survivors insurance program to about 4,000,OOO additional persons, including members of the Armed Forces, additional farm owners and operators, certain self-employed professional persons, certain groups of Federal civilian employees, and additional State and local government employees. During fiscal year 1957, other Social Security Act amendments went into effect liberalizing the conditions under which persons may become eligible for benefits under the oldage and survivors insurance program; providing monthly benefits to the dependent, disabled, unmarried child aged 18 and over of a retired or deceased insured worker if the disability began before age 18; and also providing monthly benefits at age 62 instead of age 65 to eligible women workers, wives of retired work-
منابع مشابه
Trustees Report on Old-Age and Survivors Insurance and Disability Insurance Trust Funds
Arkonses ..__... __________ . ._ -. Connecticut-. . .._. ._...._. ---.. Delaware .______ ~.~-__...._.__ -.District of Columbin .._...._.. -.__ Florida’.~.....~...........~...... [email protected].~...--~......---~...... Hawaii.~........~....~....~....~. Indiana.... . . . . .._.. -_...._ -.-.-. Iowa . .._--... -.._...__ --._...... Kentucky..-. .._ -.-_...._ --..-. 568 1,170 185 5CJ4 2,063 1,419
متن کاملIntroduction and overview of the 2010 annual report of the board of trustees of the federal old-age and survivors insurance and federal disability insurance trust funds.
We are writing to notify you, per the requirements of section 709 of the Social Security Act, that the Federal Disability Insurance (DI) Trust Fund is now projected to become inadequate within the next 10 years. As shown in the 2010 OASDI Trustees Report, which we are issuing today and a copy of which is attached, the assets of the DI Trust Fund are projected to fall below 20 percent of annual ...
متن کاملActuarial Status of the Social Security and Medicare Programs
l The Federal Supplementary Medical Insurance (SMI) Trust Fund is financed on a year-by-year basis and is adequately financed. The Trustees urge the Congress to take additional actions designed to control SMI costs through specific program legislation and as a part of enacting comprehensive health care reform. The Boards of Trustees of the four trust funds issued a joint summary of their 1993 a...
متن کاملActuarial status of the Old-Age and Survivors Insurance and Disability Insurance Trust Funds.
This article summarizes the current financial and actuarial status of the Old-Age, Survivors, and Disability Insurance (OASDI) program. The data presented are from the 1983 Trustees Report for the program following enactment of the Social Security Amendments of 1983. The actuarial estimates show that benefits can be paid on time throughout the 1980's and for many years thereafter. However, trus...
متن کاملOld-Age, Survivors, and Disability Insurance: Administrative Expenses
THE ADMINISTRATION of the old-age, survivors, and disability insurance program has never cost more than a small proportion of contribution income-2-3 percent in most years. Administrative costs are also small by another measure; as a proportion of the total taxable payroll on which contributions are based, they are less than ‘/ of 1 percent. The costs are met from two funds-the old-age and surv...
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تاریخ انتشار 2000