scholarly journals The Windfall Elimination Provision & Social Security Benefits: A Case Study

2011 ◽  
Vol 5 (1) ◽  
pp. 57
Author(s):  
Stephanie Owings-Edwards ◽  
Rick Mull
Keyword(s):  
Public Finance ◽  
Social Security ◽  
Financial Analysis ◽  
Policy Implications ◽  
Social Security Administration ◽  
The Social ◽  
On Line ◽  
Social Security Benefits

This case is appropriate for an introductory financial analysis course, intermediate case study in financial analysis, or any course that is preparing students to take the CFA exam. Because of the policy analysis that is included, it could also be used in a public finance class or an intermediate microeconomics course. It provides a basis for developing an understanding of how Social Security benefits are calculated. The specific focus of the case is on the Windfall Elimination Provision and the calculations which must be made to re-estimate benefits for those who are affected by this provision. The student plays the role of financial advisor. When advising a client about the stream of income which can be anticipated in retirement, it is vitally important to realize that, if the client has worked both as a government employee and in the private sector, the benefits the client will receive from Social Security may be less than what is indicated in the annual Social Security Statement. The policy implications section of the case also points out some of the surprising affects resulting from the structure of the Windfall Elimination Provision. The questions at the end of the case test the students understanding of the complexities of the system. Depending on the instructors guidance, students can familiarize themselves with the on-line calculators developed by the Social Security Administration.

Talking Back: The Role of Narrative in Vietnam’s Recent Land Compensation Changes

Urban Studies ◽  
2011 ◽  
Vol 48 (3) ◽  
pp. 493-508 ◽  
Author(s):  
Annette M. Kim
Keyword(s):  
Public Finance ◽  
Property Rights ◽  
Bargaining Power ◽  
Land Development ◽  
Organisational Structure ◽  
Social Narratives ◽  
The Social ◽  
Compensation Packages

As in other rapidly growing economies, Vietnam’s urban land development has been a source of social conflict as those who are relocated contest the distribution of economic gains. More recently, the relocated have increased their bargaining power and receive better compensation packages. The paper analyses this situation to discuss further developing our understanding of how property rights institutions change. The case study shows the efficacy of social narratives to renegotiate the terms of the social contract supporting property rights even in a society with limited means for public participation in governmental reform. Secondly, it illuminates that modern property rights are entwined with public finance and so property rights reforms are tied to the organisational structure of government and fiscal relations.

The Role of Nonattorney Representation in the SSDI Determination Process: A Case Study of One Prominent Intermediary

2020 ◽  
pp. 104420732093354
Author(s):  
Dara Lee Luca ◽  
Yonatan Ben-Shalom
Keyword(s):  
Social Security ◽  
Disability Insurance ◽  
Social Security Administration ◽  
Application Process ◽  
Disability Determination ◽  
Employment Supports ◽  
Determination Process ◽  
Social Security Disability

Intermediary organizations that provide nonattorney representation services to people applying for Social Security Administration (SSA) disability benefits are a prominent but understudied part of the disability landscape. A better understanding of these intermediaries and their clients can help to inform policies that influence the extent to which intermediaries support or impede SSA’s disability determination processes. This article describes how one prominent nonattorney intermediary screens potential clients and supports actual clients throughout the application process for Social Security Disability Insurance (SSDI) benefits. We describe the intermediary’s operations and the characteristics of its clients and compare the characteristics and outcomes of the intermediary’s awardees with all SSDI awardees. Our findings point to one important avenue through which people enter SSDI and suggest some policy options that could improve the entry process and identify employment supports that might serve as alternatives to SSDI.

How the COVID-19 pandemic could reduce near-retirees' Social Security benefits

2020 ◽  
Vol 20 (1) ◽  
pp. 1-8
Author(s):  
Andrew G. Biggs
Keyword(s):  
Social Security ◽  
Disability Insurance ◽  
Economic Downturn ◽  
Social Security Benefit ◽  
Social Security Administration ◽  
Retirement Benefits ◽  
Middle Income ◽  
The Social ◽  
Social Security Disability ◽  
Social Security Benefits

AbstractA quirk in the Social Security benefit formula interacting with the sharp economic downturn due to the COVID-19 pandemic could cause certain groups of near-retirees to suffer significant and permanent reductions to their Social Security retirement benefits. A sudden decline in the Social Security Administration (SSA)'s measure of economywide average wages in the year a worker turns 60 causes the Social Security benefit formula to devalue all the worker's earnings prior to age 60, resulting in a lower measure of career-average earnings and a lower benefit in retirement. A middle-income worker aged 60 in 2020 could receive an annual Social Security benefit reduction of around 9%, with losses through retirement approaching $46,000. Individuals becoming eligible for Social Security Disability Insurance benefits would be subject to similar reductions in percentage terms. Several methods are discussed to reduce or eliminate the likelihood of similar benefit ‘notches’ occurring in the future.

scholarly journals An experimental analysis of modifications to the survivor benefit information within the Social Security statement

2018 ◽  
Vol 19 (1) ◽  
pp. 21-48
Author(s):  
JEFFREY DIEBOLD ◽  
SUSAN CAMILLERI
Keyword(s):  
Social Security ◽  
Experimental Analysis ◽  
Social Security Administration ◽  
Primary Resource ◽  
Informed Decisions ◽  
Retirement Benefit ◽  
The Social ◽  
Married Men ◽  
Social Security Benefits ◽  
Experimental Survey

AbstractThe Social Security Statement is the primary resource most workers prefer to use to learn about their Social Security benefits. The Social Security Administration periodically mails this and supporting documents to all workers to help them make informed decisions about when to start receiving their benefits. Understandably, the Statement provides detailed information about the worker's retirement benefit. However, these documents contain remarkably little information about the survivor benefit despite the financial importance of this particular auxiliary benefit to the widows of deceased workers in widowhood. We analyze the effect of modifications to the survivor benefit information in the Statement on benefit knowledge and expected claiming behavior of married men using an experimental survey of workers. The results provide evidence that the augmentation of this information can temporarily improve benefit knowledge and influence expected claim ages.

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