Posted on Thursday, June 28th, 2012 at 1:55 pm
Social Security trustees made an announcement in April regarding the reduction of benefit cuts by the year 2033. This 25 percent cut would only be introduced into the mainstream if Congress does not change the course of Social Security before that time.
In that same report, statistics regarding Social Security Disability Insurance were revealed. This data showed that disability benefit recipients will see a large decline in their benefits much sooner than the overall program. In four years time, the disability benefits that are distributed to these individuals will decrease by approximately 21 percent.
The large reason that these disability benefits will be cut at a much faster rate than the other benefits is due to the number of claims that have recently been filed. In just the past three years alone, there have been approximately one million disability claims filed with the SSA. The unemployment rate is also directly correlated to the influx of disability claims in the nation.
It is important to understand the disability report process. If you have questions regarding your Social Security Disability Insurance claim, please contact the Social Security Disability Insurance lawyers of Lowenthal & Abrams, P.C. by calling 215-238-1130 today.