NSCLC: New House Amendment Pits Older Americans against People with Disabilities

From our colleagues at NSCLC: 

The National Senior Citizens Law Center (NSCLC) has serious concerns about a last
minute amendment to HR 5, the House Rules Package for the 114th Congress, which
limits potential options to protect benefits under the Social Security Disability Insurance
(DI) Program. The rule prohibits transfers of funds between the Social Security Old Age
and Survivors Insurance (OASI) trust fund and the DI trust fund–something that
Congress has routinely done in the past to address temporary shortfalls in either
program. DI trust fund reserves are projected to be depleted in late 2016, at which point
revenue coming into the system would cover only 80% of benefits. This type of shortfall
has occurred 11 times in the past, in both the OASI and DI trust funds, and Congress
has had the flexibility to reallocate payroll tax dollars between funds in order to protect
both of them.
Under the amendment, the House could only consider legislation affecting any part of
the Social Security program if the overall effect of the changes increased the solvency
of the fund, thereby potentially opening the back door to benefit cuts in both the OASI
and DI programs.
By framing this

Continue reading here: http://www.nsclc.org/wp-content/uploads/2015/01/NSCLC-statement-on-House-rule_final1.pdf

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  • LAAAC is managed by St. Barnabas Senior Services; Funded, in part, by Archstone Foundation.
  • St. Barnabas Senior Services

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