Many on Social Security Disability do not know it but the Disability Trust Fund is running low on money. In fact in 2016, only one year away, the Fund will not be able to pay full benefits. It is expected there may be as much as a 19% reduction in benefits.
This problem is well-known to Congress but nothing has been done to address this issue. The Obama administration has proposed a temporary borrowing from the regular Social Security fund to address this shortfall. Republicans in Congress have not agreed. Many of them regard our disabled workers as deadbeats and slackers who are mooching off of the system. They ignore the fact the disabled workers have all been found "disabled" by the Social Security Administration.
What disabled workers can do is contact their Congressman now about this problem before there is a reduction in benefits.
THIS IS AN UPDATE. CONGRESS AVOIDED THE REDUCTION IN DISABILITY BENEFITS BY ALLOWING FOR BORROWING FROM REGULAR SOCIAL SECURITY RETIREMENT FUND IN THE BUDJET COMPROMISE BILL AT THE END OF 2015.
For more information about Virginia workers' compensation call Jerry Lutkenhaus at (804) 358-4766 or 1(800) 256-8862 or visit our website at Virginia Workers' Compensation Lawyer.