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22
1935Retirement Insurance
1935Retirement Insurance
History - Social Security’s ProgramsHistory - Social Security’s Programs
1956Disability Insurance
1956Disability Insurance
1939Survivors Insurance
1939Survivors Insurance
33
Other ProgramsOther Programs
1965Medicare
1965Medicare
1972Supplemental
Security Income
1972Supplemental
Security Income
2003Medicare
Part D
2003Medicare
Part D
44
A Foundation for Planning Your FutureA Foundation for Planning Your Future
44
55
Social Security is the foundation for a comfortable retirement,
but you also will need other savings and investments.
If you want to learn more about how and why to save,
visit www.mymoney.gov.
Social Security is the foundation for a comfortable retirement,
but you also will need other savings and investments.
If you want to learn more about how and why to save,
visit www.mymoney.gov.
Save for a Secure FutureSave for a Secure Future
66
51 million people51 million people
Who Gets Benefits from Social Security?Who Gets Benefits from Social Security?
32 million Retired Workers2.9 million Dependents
7.4 million Disabled Workers, 1.8 million Dependents
4.6 millionWidows/ Widowers
1.9 millionChildren of
Deceased Workers
2/20092/2009
77
Payments to
Beneficiaries
Workers&
Employers
Who Pays for Social Security?Who Pays for Social Security?
88
Ch
ild
ren
Per
Wom
anU.S. Birth Rate 1920-2020U.S. Birth Rate 1920-2020
99
The Number of Workers per Beneficiary is Decreasing
The Number of Workers per Beneficiary is Decreasing
5 3 21960 2009 2034
5 3 21960 2009 2034
1010
America Is Getting OlderU.S. Population Age 65 & Older
America Is Getting OlderU.S. Population Age 65 & Older
11 Million
1946(7% of totalpopulation)
38 Million
2009(12% of totalpopulation)
74 Million
2034(19% of totalpopulation)
1111
Life Expectancy for Those Age 65 TodayLife Expectancy for Those Age 65 Today
Men Women
U.S. Population 81 85
White 80 84
African Americans 79 83
Hispanic 85 88
Asian 84 88
American Indians 84 88
Men Women
U.S. Population 81 85
White 80 84
African Americans 79 83
Hispanic 85 88
Asian 84 88
American Indians 84 88
1212
Social Security Cost-of-Living AdjustmentsSocial Security Cost-of-Living Adjustments
Effective Date Amount
June 1975 8%June 1976 6.4%June 1977 5.9%June 1978 6.5%June 1979 9.9%June 1980 14.3%June 1981 11.2%June 1982 7.4%Dec 1983 3.5%Dec 1984 3.5%Dec 1985 3.1%Dec 1986 1.3%Dec 1987 4.2%Dec 1988 4%Dec 1989 4.7%Dec 1990 5.4%Dec 1991 3.7%
Effective Date Amount
June 1975 8%June 1976 6.4%June 1977 5.9%June 1978 6.5%June 1979 9.9%June 1980 14.3%June 1981 11.2%June 1982 7.4%Dec 1983 3.5%Dec 1984 3.5%Dec 1985 3.1%Dec 1986 1.3%Dec 1987 4.2%Dec 1988 4%Dec 1989 4.7%Dec 1990 5.4%Dec 1991 3.7%
Effective Date Amount
Dec 1992 3%Dec 1993 2.6%Dec 1994 2.8%Dec 1995 2.6%Dec 1996 2.9%Dec 1997 2.1%Dec 1998 1.3%Dec 1999 2.5%Dec 2000 3.5%Dec 2001 2.6%Dec 2002 1.4%Dec 2003 2.1%Dec 2004 2.7%Dec 2005 4.1%Dec 2006 3.3%Dec 2007 2.3%Dec 2008 5.8%
Effective Date Amount
Dec 1992 3%Dec 1993 2.6%Dec 1994 2.8%Dec 1995 2.6%Dec 1996 2.9%Dec 1997 2.1%Dec 1998 1.3%Dec 1999 2.5%Dec 2000 3.5%Dec 2001 2.6%Dec 2002 1.4%Dec 2003 2.1%Dec 2004 2.7%Dec 2005 4.1%Dec 2006 3.3%Dec 2007 2.3%Dec 2008 5.8%
1313
Example: Worker with averagepre-retirement income of $30,000
(Retiring at age 66 in 2009)
1st Year of Retirement
Pension $13,000/ 50%
Social Security $13,000/50%
Inflation 3% per year
Example: Worker with averagepre-retirement income of $30,000
(Retiring at age 66 in 2009)
1st Year of Retirement
Pension $13,000/ 50%
Social Security $13,000/50%
Inflation 3% per year
Value of Inflation ProtectionValue of Inflation Protection
1414
Value of Inflation ProtectionValue of Inflation Protection
example continued:
Worker with averagepre-retirement income of $30,000
example continued:
Worker with averagepre-retirement income of $30,000
5th Year of RetirementPension $13,000/47%
Social Security $14,632/53%
10th Year of RetirementPension $13,000/43%
Social Security $16,962/57%
20th Year of RetirementPension $13,000/36%
Social Security $22,796/64%
5th Year of RetirementPension $13,000/47%
Social Security $14,632/53%
10th Year of RetirementPension $13,000/43%
Social Security $16,962/57%
20th Year of RetirementPension $13,000/36%
Social Security $22,796/64%
1515
Payments to Today’s BeneficiariesPayments to Today’s Beneficiaries
Reserves for FutureBeneficiariesReserves for FutureBeneficiaries
Administrative CostsAdministrative Costs
How Is Social Security Income Spent?How Is Social Security Income Spent?
73.8%
25.4%
0.7%0.7%
1616
Where Does the Money Come From?Where Does the Money Come From?
Payroll Tax 84%
Trust Fund Interest 14%
Taxation of Benefits 2%
Payroll Tax 84%
Trust Fund Interest 14%
Taxation of Benefits 2%
Social Security Trust Fund 2008Social Security Trust Fund 2008
1717
In 2017, Social Security Will Begin PayingMore in Benefits than is Collected in TaxesIn 2017, Social Security Will Begin PayingMore in Benefits than is Collected in Taxes
1717
1818
In 2017, Social Security Will Begin PayingMore in Benefits than is Collected in TaxesIn 2017, Social Security Will Begin PayingMore in Benefits than is Collected in Taxes
1818
At exhaustion in 2041,only about 78% of
benefits could be paid.
At exhaustion in 2041,only about 78% of
benefits could be paid.
1919
You Need to Work to Earn Social Security CreditsYou Need to Work to Earn Social Security Credits
Each $1,090 in earnings gives you one credit
You can earn a maximum of 4 credits per year
Example: To earn 4 credits in 2009, you must earn at least $4,360. Earning 40 credits throughout your working life will qualify you for a retirement benefit.
Each $1,090 in earnings gives you one credit
You can earn a maximum of 4 credits per year
Example: To earn 4 credits in 2009, you must earn at least $4,360. Earning 40 credits throughout your working life will qualify you for a retirement benefit.
2020
Your Age When You Retire Affects Your BenefitsYour Age When You Retire Affects Your Benefits
If You’re a Worker and Retire
At age 62, you get a lower monthly payment permanently At your full retirement age, you get your full benefit You get an even higher monthly payment if you work past your full retirement age
2121
In Addition to the Retiree,Who Else Can Get Benefits?In Addition to the Retiree,
Who Else Can Get Benefits?
Your Spouse
At age 62 At any age if caring for child under 16 or disabled Divorced spouses may qualify
Your Child
Not married under 18 (under 19 if still in high school) Not married and disabled before age 22
2222
Full Retirement AgeFull Retirement Age
Year of Birth Full Retirement Age
1937 or earlier 65
1938 65 & 2 months
1939 65 & 4 months
1940 65 & 6 months
1941 65 & 8 months
1942 65 & 10 months
1943 – 1954 66
1955 66 & 2 months
1956 66 & 4 months
1957 66 & 6 months
1958 66 & 8 months
1959 66 & 10 months
1960 or later 67
Year of Birth Full Retirement Age
1937 or earlier 65
1938 65 & 2 months
1939 65 & 4 months
1940 65 & 6 months
1941 65 & 8 months
1942 65 & 10 months
1943 – 1954 66
1955 66 & 2 months
1956 66 & 4 months
1957 66 & 6 months
1958 66 & 8 months
1959 66 & 10 months
1960 or later 67
2323
How Social Security Determines Your BenefitHow Social Security Determines Your Benefit
Social Security benefits are based on earnings
Step 1 Your wages are adjusted for changes in wage levels
Step 2 Find the monthly average of your 35 highest earnings years
Step 3 Result is “average indexed monthly earnings”
2424
If your average monthly earnings are = $5,200Then your monthly benefit would be = $1,974
Average Monthly Earnings $5,200
90% of First $744 = $670
32% of Earnings over $711 through $4,288 $3,739 = $1,196($4,288-$711=$3,577)
15% of Earnings over $4,288 $717 = $108($5,200-$4,288=$912)
$5,200$1,974
If your average monthly earnings are = $5,200Then your monthly benefit would be = $1,974
Average Monthly Earnings $5,200
90% of First $744 = $670
32% of Earnings over $711 through $4,288 $3,739 = $1,196($4,288-$711=$3,577)
15% of Earnings over $4,288 $717 = $108($5,200-$4,288=$912)
$5,200$1,974
Retirement Benefit Computation ExampleRetirement Benefit Computation Example
2525
Use the New Retirement EstimatorUse the New Retirement Estimator
You can get estimates of your future Social Security retirement benefits using our new online Retirement Estimator.
No manual keying of earnings is needed
‘What if’ scenarios are easy
You can get estimates of your future Social Security retirement benefits using our new online Retirement Estimator.
No manual keying of earnings is needed
‘What if’ scenarios are easy
It’s convenient, secure and quick.www.socialsecurity.gov/estimator
It’s convenient, secure and quick.www.socialsecurity.gov/estimator
2626
What You Can Expect at Full Retirement AgeWhat You Can Expect at Full Retirement Age
% o
f E
arni
ngs
LowEarner
AverageEarner
HighEarner
56%
41%
34%
2727
If any part of your government pensionis based on work not covered by
Social Security, you may be affected bythe Windfall Elimination Provision.
If any part of your government pensionis based on work not covered by
Social Security, you may be affected bythe Windfall Elimination Provision.
Windfall Elimination ProvisionWindfall Elimination Provision
2828
Windfall Elimination Provision (WEP) - 2009Windfall Elimination Provision (WEP) - 2009
Normal Computation WEP Computation
90% of the First $744 40% of the First $744
32% of the Next $3,739 32% of the Next $3,739
15% of the Remainder 15% of the Remainder
Normal Computation WEP Computation
90% of the First $744 40% of the First $744
32% of the Next $3,739 32% of the Next $3,739
15% of the Remainder 15% of the Remainder
2929
Exception to the Windfall Elimination ProvisionException to the Windfall Elimination Provision
% of First FactorYears of Coverage in Benefit Formula
30 or more 9029 8528 8027 7526 7025 6524 6023 5522 5021 45
20 or less 40
% of First FactorYears of Coverage in Benefit Formula
30 or more 9029 8528 8027 7526 7025 6524 6023 5522 5021 45
20 or less 40
3030
Government Pension Offset (GPO)Government Pension Offset (GPO)
If you receive a government pension based on work not covered by Social
Security, your Social Security spouse’s or widow(er)’s benefits may be reduced.
If you receive a government pension based on work not covered by Social
Security, your Social Security spouse’s or widow(er)’s benefits may be reduced.
3131
Example:$900 of government pension 2/3 = $600Social Security spouse’s benefits = $500No cash benefit payable by Social Security
Example:$900 of government pension 2/3 = $600Social Security spouse’s benefits = $500No cash benefit payable by Social Security
Government Pension Offset (GPO)Government Pension Offset (GPO)
Spouse’s Benefits Only
2/3 of amount of government pension will be used to reduce the Social Security spouse’s benefits
Spouse’s Benefits Only
2/3 of amount of government pension will be used to reduce the Social Security spouse’s benefits
3232
You Can Work & Still Receive BenefitsYou Can Work & Still Receive Benefits
You Can If You Make More,If You Are Make Up To Some Benefits Will
Be Withheld
Under FullRetirement Age $14,160/yr. ($1,180/mo.) $1 for every $2
The Year Full RetirementAge is Reached $37,680/yr. ($3,140/mo.) $1 for every $3
Month of Full Retirement Age and Above No Limit No Limit
You Can If You Make More,If You Are Make Up To Some Benefits Will
Be Withheld
Under FullRetirement Age $14,160/yr. ($1,180/mo.) $1 for every $2
The Year Full RetirementAge is Reached $37,680/yr. ($3,140/mo.) $1 for every $3
Month of Full Retirement Age and Above No Limit No Limit
3333
What Will You Need When Applyingfor Your Social Security Benefits?
What Will You Need When Applyingfor Your Social Security Benefits?
Social Security number for each applicant
Proof of age (birth certificate)
Latest W-2 or self-employment tax return
Earnings estimate
Bank information for direct deposit
Information about marriages/divorces
Information about military or railroad service
Social Security number for each applicant
Proof of age (birth certificate)
Latest W-2 or self-employment tax return
Earnings estimate
Bank information for direct deposit
Information about marriages/divorces
Information about military or railroad service
3434
Who Can Get Survivors Benefits?Who Can Get Survivors Benefits?
Widow or Widower:
Reduced benefits at age 60
If disabled as early as age 50
At any age if caring for child under 16 or disabled
Divorced widows/widowers may qualify
Your Child if:
Not married under age 18 (under 19 if still in high school)
Not married and disabled before age 22
Widow or Widower:
Reduced benefits at age 60
If disabled as early as age 50
At any age if caring for child under 16 or disabled
Divorced widows/widowers may qualify
Your Child if:
Not married under age 18 (under 19 if still in high school)
Not married and disabled before age 22
3535
Parents
Age 62 and was receiving atleast one-half support from deceased worker
Lump Sum Death Payment ($255)
Most spouses or children
Parents
Age 62 and was receiving atleast one-half support from deceased worker
Lump Sum Death Payment ($255)
Most spouses or children
Other Survivors BenefitsOther Survivors Benefits
3636
Social Security’s Disability Definition:Social Security’s Disability Definition:
A medical condition preventing substantial work for at least 12 months, or expected to
result in death. The determination also considers age, education & work experience.
A medical condition preventing substantial work for at least 12 months, or expected to
result in death. The determination also considers age, education & work experience.
3737
Who Can Get Disability Benefits?Who Can Get Disability Benefits?
Worker
Must have paid into Social Security five out of last 10 years
Spouse
At age 62 At any age if caring for child
under 16 or disabled Divorced spouses may qualify
Worker
Must have paid into Social Security five out of last 10 years
Spouse
At age 62 At any age if caring for child
under 16 or disabled Divorced spouses may qualify
3838
Who Can Get Disability Benefits?Who Can Get Disability Benefits?
Child
Not married under age 18 (under 19 if still in high school)
Not married and disabled before age 22
Child
Not married under age 18 (under 19 if still in high school)
Not married and disabled before age 22
3939
65 & older
-or-
Receiving Social Security disability benefits at least 24 months
-or-
Permanent kidney failure
-or-
Amyotrophic Lateral Sclerosis (ALS)
65 & older
-or-
Receiving Social Security disability benefits at least 24 months
-or-
Permanent kidney failure
-or-
Amyotrophic Lateral Sclerosis (ALS)
Who Can Get Medicare?Who Can Get Medicare?
4040
When Can I Sign Up for Medicare?When Can I Sign Up for Medicare?
Medicare Enrollment Periods: Initial - at age 65
Special - if still working
General - January-March
4141
Medicare CoverageMedicare Coverage
Part A Hospital Insurance Covers most inpatient hospital expenses.
2009 Deductible $1,068
Part B Supplementary Medical Insurance Covers 80% doctor bills & other outpatient medical
expenses after 1st $135 in approved charges.
2009 Monthly Premium $96.40
Part D Medicare Prescription Drug Plan Covers a major portion of prescription drug costs
for Medicare beneficiaries.
2009 average Monthly Premium $28
Part A Hospital Insurance Covers most inpatient hospital expenses.
2009 Deductible $1,068
Part B Supplementary Medical Insurance Covers 80% doctor bills & other outpatient medical
expenses after 1st $135 in approved charges.
2009 Monthly Premium $96.40
Part D Medicare Prescription Drug Plan Covers a major portion of prescription drug costs
for Medicare beneficiaries.
2009 average Monthly Premium $28
4242
How Will the Prescription Drug Plan Affect You?
How Will the Prescription Drug Plan Affect You?
You will pay the first $295 (called an “annual deductible”).
Medicare will pay 75% of costs above $295 up to $2,700 in drug spending. You will pay only 25% of these costs.
You will pay 100% of the drug costs above $2,700 until you reach $4,350 in out-of-pocket spending. Your out-of- pocket spending includes the annual deductible and prescription co-payments. It does not include the monthly premiums you pay for your drug plan.
Medicare will pay about 95% of the costs after you have spent $4,350.
4343
Extra Help Could Further ReduceMedicare Prescription Drug CostsExtra Help Could Further ReduceMedicare Prescription Drug Costs
Extra help is available for low income beneficiaries to pay for part of the Medicare
Part D monthly premiums, annual deductibles and prescription co-payments. The extra help
could be worth more than $3,900 per year.
Go online to www.socialsecurity.gov to apply for extra help.
Extra help is available for low income beneficiaries to pay for part of the Medicare
Part D monthly premiums, annual deductibles and prescription co-payments. The extra help
could be worth more than $3,900 per year.
Go online to www.socialsecurity.gov to apply for extra help.
4444
For More Medicare InformationFor More Medicare Information
1-800-MEDICARE(1-800-633-4227)
TTY 1-877-486-2048
www.medicare.gov
1-800-MEDICARE(1-800-633-4227)
TTY 1-877-486-2048
www.medicare.gov
4545
Who Can Get SSI?
Age 65 or older
Blind - any age
Disabled - any age
Limited income
Limited resources
Supplemental Security IncomeSupplemental Security Income
4646
What Should You Do toPrepare for Your Retirement?
What Should You Do toPrepare for Your Retirement?
Get estimates of benefits using different retirement ages and wage estimates
www.socialsecurity.gov
Get estimates of benefits using different retirement ages and wage estimates
www.socialsecurity.gov
4747
Social Security’s Online ServicesSocial Security’s Online Services
Retirement & Disability Applications
Apply for Extra Help
Retirement/Survivors/Disability Planner
Request a Statement
Change of Address
Medicare Card Replacements
Request a Benefit Verification Letter
Start or Change Direct Deposit
Retirement & Disability Applications
Apply for Extra Help
Retirement/Survivors/Disability Planner
Request a Statement
Change of Address
Medicare Card Replacements
Request a Benefit Verification Letter
Start or Change Direct Deposit
4848
Importance of Social Securityto African Americans
Importance of Social Securityto African Americans
4949
Importance of Social Securityto African Americans
Importance of Social Securityto African Americans
Benefits continue for life
Benefits tied to inflation
Benefits continue for life
Benefits tied to inflation
5050
Life Expectancy for Those Age 65 TodayLife Expectancy for Those Age 65 Today
Men Women
U.S. Population 81 85
White 80 84
African Americans 79 83
Hispanic 85 88
Asian 84 88
American Indians 84 88
Men Women
U.S. Population 81 85
White 80 84
African Americans 79 83
Hispanic 85 88
Asian 84 88
American Indians 84 88
5151
Importance of Social Securityto American Indians
Importance of Social Securityto American Indians
5252
Importance of Social Securityto American Indians
Importance of Social Securityto American Indians
Benefits continue for life
Benefits tied to inflation
Benefits continue for life
Benefits tied to inflation
5353
Life Expectancy for Those Age 65 TodayLife Expectancy for Those Age 65 Today
Men Women
U.S. Population 81 85
White 80 84
African American 79 83
Hispanic 85 88
Asian 84 88
American Indians 84 88
Men Women
U.S. Population 81 85
White 80 84
African American 79 83
Hispanic 85 88
Asian 84 88
American Indians 84 88
5454
Importance of Social Securityto Asians & Pacific IslandersImportance of Social Securityto Asians & Pacific Islanders
5555
Longer life expectancy
Benefits tied to inflation
Benefits continue for life
Longer life expectancy
Benefits tied to inflation
Benefits continue for life
Importance of Social Securityto Asians & Pacific IslandersImportance of Social Securityto Asians & Pacific Islanders
5656
Life Expectancy for Those Age 65 TodayLife Expectancy for Those Age 65 Today
Men Women
U.S. Population 81 85
White 80 84
African American 79 83
Hispanic 85 88
Asian 84 88
American Indians 84 88
Men Women
U.S. Population 81 85
White 80 84
African American 79 83
Hispanic 85 88
Asian 84 88
American Indians 84 88
5757
Importance of Social Security to HispanicsImportance of Social Security to Hispanics
5858
Importance of Social Security to HispanicsImportance of Social Security to Hispanics
Benefits tied to inflation
Benefits continue for life
Benefits tied to inflation
Benefits continue for life
5959
Life Expectancy for Those Age 65 TodayLife Expectancy for Those Age 65 Today
Men Women
U.S. Population 81 85
White 80 84
African American 79 83
Hispanic 85 88
Asian 84 88
American Indians 84 88
Men Women
U.S. Population 81 85
White 80 84
African American 79 83
Hispanic 85 88
Asian 84 88
American Indians 84 88
6060
Projected Growth of Hispanic CommunityProjected Growth of Hispanic Community
2000 – 13% of total population
2050 – 24% of total population
2000 – 13% of total population
2050 – 24% of total population
6161
Importance of Social Security to WomenImportance of Social Security to Women
6262
Importance of Social Security to WomenImportance of Social Security to Women
57% of all aged beneficiaries
69% of all aged beneficiaries over age 85
57% of all aged beneficiaries
69% of all aged beneficiaries over age 85
6363
Importance of Social Security to WomenImportance of Social Security to Women
Fewer covered by pensions
Benefits tied to inflation
Continue for life
Fewer covered by pensions
Benefits tied to inflation
Continue for life
6464
Women and Social SecurityWomen and Social Security
For about 78% of unmarried women aged 65 or older, Social Security represents about ½ of their total income
For about 30% of unmarried women aged 65 or older, Social Security is their only source of income
For about 78% of unmarried women aged 65 or older, Social Security represents about ½ of their total income
For about 30% of unmarried women aged 65 or older, Social Security is their only source of income
6565
Women & Social SecurityWomen & Social Security
Average Monthly Benefits (12/07)
Women Men
Retirement $935 $1,216
Disability $866 $1,126
Average Monthly Benefits (12/07)
Women Men
Retirement $935 $1,216
Disability $866 $1,126
6666
Life Expectancy for Those Age 65 TodayLife Expectancy for Those Age 65 Today
Men Women
U.S. Population 81 85
White 80 84
African American 79 83
Hispanic 85 88
Asian 84 88
American Indians 84 88
Men Women
U.S. Population 81 85
White 80 84
African American 79 83
Hispanic 85 88
Asian 84 88
American Indians 84 88
6767
Importance of Social Securityto Young Americans
Importance of Social Securityto Young Americans
6868
Importance of Social Securityto Young Americans
Importance of Social Securityto Young Americans
Almost 3 in 10 of today’s 20-year-olds will become disabled before reaching age 67
About 1 in 7 of today’s 20-year-olds will die prior to age 67
Almost 3 in 10 of today’s 20-year-olds will become disabled before reaching age 67
About 1 in 7 of today’s 20-year-olds will die prior to age 67
6969
How Social Security Protects You with Disability & Survivors Insurance
How Social Security Protects You with Disability & Survivors Insurance
Under age 31 - Must have paid Social Security taxes for half the elapsed time since turning age 21
Age S.S. TaxesEXAMPLE: 24 1-1/2 Yrs.
29 4 Yrs.
Under age 31 - Must have paid Social Security taxes for half the elapsed time since turning age 21
Age S.S. TaxesEXAMPLE: 24 1-1/2 Yrs.
29 4 Yrs.
7070
The Social Security StatementThe Social Security Statement
7171
The Social Security StatementThe Social Security Statement
The Statement provides you with estimates of monthly Social Security retirement, disability and survivors benefits
The Statement allows you to check your earnings history for accuracy
The Statement provides you with estimates of monthly Social Security retirement, disability and survivors benefits
The Statement allows you to check your earnings history for accuracy
7272
The Social Security StatementThe Social Security Statement
7373
Agency Strategic Plan for 2008-2013Agency Strategic Plan for 2008-2013
Four basic goals— Eliminate hearings backlogs and prevent its recurrence Improve speed/quality of disability decision process Improve retiree and other core services Preserve public trust in system
Key foundational elements— Our employees Information technology
Special initiative— Encourage saving
Four basic goals— Eliminate hearings backlogs and prevent its recurrence Improve speed/quality of disability decision process Improve retiree and other core services Preserve public trust in system
Key foundational elements— Our employees Information technology
Special initiative— Encourage saving
www.socialsecurity.gov/strategicplan.htmlwww.socialsecurity.gov/strategicplan.html