First quarter sales of $18.4 billion were up 20 percent over the prior year, including 8 points of organic sales growth and 15 points of acquisition benefit offset
by 3 points of foreign exchange headwind.
Consumers enjoy lower prices, but some workers may see that benefit offset
by declining wages or layoffs.
This policy alternative, which offers partial benefits to disability applicants who can still work, would be an important complement to the "$1 for $2 Benefit Offset
" program that SSA is currently evaluating in a national demonstration project.
These demonstrations replace the cash cliff with a more gradual reduction in benefits (a "benefit offset
") as SSDI beneficiaries' earnings increase.
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
. In the states we visited, individuals with a relatively minimal investment of work time and Social Security contributions can gain access to potentially many years of full Social Security spousal benefits.
It includes a wide range of topics, such as benefit offset
provisions, temporary total disability benefits and permanent partial disability benefits, and workers' compensation provisions on access to medical information/reports.
Reported net income and earnings per share totaled $204.8 million and $0.67, 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.
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.