Dugan & Associates, P.C.
No Recovery - No FeeFree Consultation
Serving all of Western Pennsylvania
Local: 412-353-3572 Toll Free: 888-99-D-U-G-A-N Toll Free: 888-99-D-U-G-A-N

Social Security disability fund faces strain, benefits may be cut

Over the last several years, residents in Pennsylvania have likely heard about efforts to reform the Social Security retirement program because of projected financial shortfalls. Although this is definitely an issue of concern, financial trouble is also on the horizon for the Social Security disability program. If something is not done to remedy projected shortfalls in the SSD fund, beneficiaries could see a significant reduction in payments, which could create undue hardship.

A newly released report from the Social Security Administration indicates that the disability program will see shortfalls by 2016. Furthermore, incoming revenues "won't be enough to offset a 20 percent cut in payments." This has created concern among many, who worry about what will happen if a solution isn't found.

In addition to projected financial issues, SSD applications are expected to increase in number. As the working population grows older, so too does the risk for sustaining a disability.

As this Social Security disability issue comes to the forefront over the next couple years, the hope is that something can be done to resolve the financial predicament. It will be important to know how many people with serious injuries or illnesses have been left unable to work.

One critical aspect of applying for disability benefits is making sure that the application accurately displays financial needs. This way, there is a better chance that the person who is applying will receive the benefits they need if the claim is approved. The potential of SSD budget shortfalls in the future shouldn't be a deterrent to apply for benefits as needed, especially since this doesn't change the person's existing medical and financial needs.

Source: New York Post, "Disabled fund," John Aidan Byrne, June 8, 2013

No Comments

Leave a comment
Comment Information

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Pittsburgh Office
4 West Manilla Avenue
Pittsburgh, PA 15220

Phone: 412-353-3572
Phone: 412-922-0800
Fax: 412-922-0801
Pittsburgh Law Office Map

Beaver County Office
2002 McMinn St.
Aliquippa, PA 15001

Phone: 412-353-3572
Phone: 724-775-7372
Aliquippa Law Office Map

North Hills
6400 Brooktree Ct.
Wexford, PA 15090

Phone: 412-353-3572
Phone: 724-933-0133
Wexford Law Office Map

Butler County
2009 Mackenzie Way
Suite 100
Cranberry Twp, PA 16066

Phone: 412-353-3572
Phone: 724-283-7063
Cranberry Twp Law Office Map

Monroeville
400 Penn Center Blvd.
Suite 101
Monroeville, PA 15232

Phone: 412-353-3572
Phone: 412-261-1129

Westmoreland County
101 N. Main St.
Suite 104 - A
Greensburg, PA 15601

Phone: 412-353-3572
Phone: 724-836-7454

Washington County
2400 Ansys Dr.
Suite 102
Canonsburg, PA 15317

Phone: 412-353-3572
Phone: 724-743-0463
Canonsburg Law Office Map

Serving all of Western Pennsylvania Free Consultation