ARE YOU GLAD THEY DIDN’T PRIVATIZE OUR SS, TRYING TO CONVINCE US TO PUT THE MONEY IN THE STOCK MARKET?
ARE YOU AWARE THAT WE NOT ONLY BENEFIT FROM RETIREMENT, BUT DISABILITY AND DEPENDENT PROTECTION FROM SOCIAL SECURITY?
CAN YOU IMAGINE HOW PROTECTED WE WOULD BE IF THE GOVERNMENT HAD NOT BORROWED WITHOUT PAYING BACK THE SS TRUST FUND?
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I am retired and receiving a monthly check from Social Security. Are my monthly payments going to be cut?
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No, there are no plans to cut benefits for current retirees. In fact, benefits will continue to be increased each year with inflation. Even without any changes, current benefits are expected to be fully payable on a timely basis until 2041.
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I’ll be retiring in the next five to 10 years. Can I expect my presently scheduled benefits to be paid to me at retirement?
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Most reform plans preserve scheduled benefits, including cost-of-living increases, for near-retirees. President Bush has defined a “near-retiree” as someone aged 55 and older. However, without change it is expected that the program will no longer be able to pay current benefits in full starting 2041. At that time it is expected that only 78 percent of currently scheduled benefits will be payable.
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My parents are receiving Social Security payments. Should I be worried that their monthly checks will be cut and that I will have to make up the difference?
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No, there are no plans to reduce benefits for current retirees. In fact, benefits will continue to grow annually with inflation. Even without any changes, current benefits are expected to be fully payable on a timely basis until 2041.
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For many more answers click on: http://www.socialsecurity.gov/qa.htm