The Social Security Administration's main campus is seen in Woodlawn Md
07 June, 2018, 22:43
Medicare Part B, and D will remain adequately funded "into the indefinite future", the trustees reported, because law provides financing from general revenues and beneficiary premiums each year to meet the next year's expected costs.
To cover this year's benefits, Social Security will draw from a $3-trillion trust fund, but that cache is expected to run dry by 2034, according to a report by the trustees of Social Security and Medicare that was released Tuesday.
The trustees estimated that, if no action is taken, the Disability Insurance (DI) Trust Fund would be unable to pay full benefits in 2028. Lackluster economic growth in previous years, coupled with an aging population, has contributed to the projected shortages for both Social Security and Medicare.
This would leave the fund depleted by 2034, matching last year's forecast.
At this rate, the combined asset reserves of Social Security's twin retirement and disability trust funds would become depleted by 2034, the same as projected a year ago, with 79% of the benefits payable at that time, according to the report.
The annual report by trustees of the giant fund also covers Social Security, which millions of older Americans depend on for income, just as it does for many disabled.
Nancy Berryhill, the acting commissioner of the Social Security Administration, acknowledged that while the projected depletion date of the combined Social Security Trust Funds has not changed, "The fact remains that Congress can keep Social Security strong by taking action to ensure the future of the program". "The Administration's economic agenda - tax cuts, regulatory reform, and improved trade agreements - will generate the long-term growth needed to help secure these programs and lead them to a more stable path". Some 45 million retirees and six million dependents receive Social Security benefits.
Cubanski also said that Americans with higher incomes and more lucrative Social Security benefits will benefit from federal tax cuts that will lower paycheck deductions. The program's cost will rise more rapidly through 2039 as the baby-boom generation retires faster than the number of covered workers increases, according to the report.
Social Security recipients are likely to see a cost-of-living increase of about 2.4 percent next year, said government number-crunchers who produced the report.
Much of the speculation about who might have been behind the accounts has centered on Colangelo's wife, Barbara Bottini . Colagelo offered his resignation after "recognizing the detrimental impact this matter had on the organization".
When he meets Mr Trump in Washington on Thursday, Mr Abe is expected to push for Japan's security concerns to be reflected. But plans for the 12 June bilateral in Singapore were revived after a conciliatory response from Pyongyang.
But under the OAS charter, it takes two years for a nation to quit the organization and officials could change their mind. We are free and no imperialist will be intervening in our country", said foreign minister Jorge Arreaza.
The video from another beach-goer went viral , showing Weinman screaming and being punched at least twice by an officer. And she has no intention of telling the officers involved that she's sorry, she said in the interview.
It will be led by Discovery's Alex Kaplan, president and general manager of the new Discovery and PGA Tour venture. Since 2007, the PGA TOUR has negotiated all of its non-U.S. broadcast rights deals on its own.
Amazon have paid for two full rounds of fixtures a season - the first December midweek round and the festive Bank Holiday round. Premier League football will be shown on Amazon between 2019/22 after picking up one of the two remaining broadcast packages.
The event was the first time Melania has been seen in public for 25 days, and comes following speculation about her absence. Melania Trump will be skipping out on another public event as her absence from the public eye approaches one month.
The Facebook-owned company has been in talks with content creators about producing long-form video for the platform. At the moment, Instagram , like Snapchat, has hard limits on how long any given video clip can run.
By doing so, severe environmental consequences can be prevented and the natural habitat will be liberated from plastics. But elsewhere things haven't gone so well. "We need action now".
Kim Summit Planned for Maximum Publicity
And what better way to get to know the North Korean dictator than Trump's favorite pastime: grabbing 'em by - sorry, golf. I'll leave the rest for the president to work out because it's the president's meeting with Kim Jong Un .
Can Cleveland recover from 0-3 hole?
LeBron James said after the game the reason that he wanted to come to Philadelphia was to play with Joel Embiid and Ben Simmons. Kevin Love drilled a tone-setting three-point on the first possession, sending the crowd into fits, and J.R.
Alexander Zverev: The pain only got worse
He was joined within the quarterfinals by Dominic Thiem , his subsequent opponent, and the rejuvenated Novak Djokovic . Still, Djokovic did appear to be gathering momentum, taking the third set and moving out to a lead in the fourth.
Marcus Rashford Reveals Whether He's Messi Or Ronaldo
And despite Zinedine Zidane resigning as Real boss last week, rumours have still persisted over Bale's future at the Bernabeu. The 28-year-old has been heavily linked with a move to United, with Jose Mourinho a long-term admirer of the forward.
Sony's RX100 VI compact hides a ridiculous zoom lens
Other video features include S-Log3/S-Gamut3, 120p Full HD mode, Picture Profile, 240/480/960fps slow motion, and proxy recording. The camera's eye detection mode for photographing people is also two times more accurate compared to the predecessor, Sony says.
Donald Trump hosts Iftar party at the White House
US President Donald Trump speaks during an iftar dinner hosted at the White House in Washington , DC, on Jun 6, 2018. He did not hold a similar event in his first year in office, in a break with past presidents.
BlackBerry KEY2 image leaked ahead of its official launch
For one thing, the BlackBerry Key2 apparently has a dual-lens rear camera , comprising a 12MP f/1.8 lens and a 12MP f/2.6 one. The display is a 4.5-incher with an old-school 3:2 aspect ratio (1080x1620px resolution) protected by Gorilla Glass 3 layer.
Bus crash on Highway 401 leaves dozens injured
Four women and one man were admitted in critical condition to Brockville General Hospital, spokeswoman Abby McIntyre told Reuters. McIntyre said others injured in the crash are believed to be "walking wounded" who've been taken to other hospitals.
The Human Race Is No More In The New Code Vein Trailer
The new trailer also showcased the limited "Bloodthirst Edition" (which so far, has only been announced for Japan, sadly). A playable demo of Code Vein will be available, alongside the publisher's other upcoming games.