One reason for this may be that the benefit offset
design does not provide a sufficiently robust work incentive to SSDI beneficiaries.
16, 2013 /PRNewswire-USNewswire/ -- As the federal government continues to look for cost-saving measures, the Social Security Advisory Board today issued a report calling for a halt to the Social Security Administration's Benefit Offset
National Demonstration, which could lead to more efficient use of the $121 million of taxpayer funding initially set aside for the project.
Many beneficiaries and advocates have argued that replacing the cash cliff with a graduated benefit offset
, similar to that applied to the earnings of Supplemental Security Income (SSI) recipients, would incentivize employment, and encourage SSDI beneficiaries to increase their earnings and gradually reduce their dependence on cash benefits.
The results show that the expected benefit gain is positive for a 2 percent individual account carve-out with a simple benefit offset
using the SSA assumptions for the expected rates of return on stocks and bonds, but the standard deviation of that gain is much larger than the gain itself.
The GPO "loophole" raises fairness and equity concerns for those receiving a Social Security pension and are currently subject to the spousal benefit offset
67, respectively, and include a one-time net litigation benefit offset
by a Guidant Foundation contribution and a previously announced restructuring charge.
Because a plan in which the employer pays the premiums does not generally allow a beneficiary to make a withdrawal, other arrangements must be made; the economic benefit offset
approach may resolve this problem.
The market is primarily a benefit offset
or digital printing of documents and communication tools of ANESM.
GAO's analysis of benefit adequacy and equity issues relating to Model 2 found that (1) across cohorts, median monthly benefits for those choosing accounts are always higher, despite a benefit offset
, than for those who do not; this gap grows over time.
If a deemed distribution or a loan repayment by benefit offset
results in income at a date after the date that the loan is made, withholding is required only if a transfer of cash or property (excluding employer securities) is made to the participant or beneficiary from the plan at the same time.
Social Security Administration has awarded Abt Associates a contract to implement and evaluate the Benefit Offset
National Demonstration (BOND).
6 million tax benefit offset
by $141 thousand restructuring charge and a $186 thousand litigation settlement.