Tuesday, November 10, 2009

Regarding the CISS annual meeting in Guatemala (fourth report)

In her intervention, Diane Braustein from the Social Security Administration of the United States mentioned that besides the long term challenges the aging of the population is having in the social security system, the global recession is also imposing difficult conditions on the system. As a response, the government trought the ARRA has granted 13 billion dollars as a one time payment of 250 USD to all SSA beneficiaries, a new payment of 250 USD per beneficiary is expected to be granted again to cope to the increase in the consumer price index, and the SSA is implementing new fast track procedures to deal with the increase in the work load due to the fact that it is expected an increase of 15% in retirement claims and 17% in disability claims.

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