The White House recently told Congress to move funds from the retirement program to prevent the possible reduction of Social Security Disability Insurance (SSDI) benefits, Huffington Post reported on February 2.
The Obama Administration’s proposal to save SSDI by acquiring funds from payroll tax revenue comes in spite of previous moves Congress made earlier this year that would prevent this very move. Despite their desire to reform the disability program, the GOP has not yet come up with a solution that will prevent the depletion of 20% of benefit recipients’ payments when the fund is exhausted next year. Moving money between the retirement and disability program has been the traditional way to keep both programs alive.
Applying for your SSDI benefits may be complicated and frustrating, especially in the face of news that the program is threatened by fund shortages. However, the attorneys at Hankey Marks & Crider know that many residents in Indiana depend on their SSDI payments, and we may also help you file or appeal a claim. Call our offices at (317) 634-8565 today to learn more.