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<TD align=middle bgColor=#ffffff><FONT face="verdana, arial" color=#ffffff><A href="/"><IMG height=96 alt="Social Security Online" src="cid:MAHPAMFYWYDJ.ssa2.gif" width=110 align=left border=0></A><BR><B><A name=top></A><IMG height=58 alt="Social Security Update" src="cid:GWNLXATLILLK.logo-update.gif" width=482></B></FONT></TD></TR>
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<DIV align=center><FONT face="verdana, arial" color=#ffffff>May 2011</FONT></DIV></TH></TR>
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<DIV align=left><A href="archives.html"><FONT face="Verdana, Arial, Helvetica, sans-serif" color=#ffffff size=-1>Previous Issues</FONT></A></DIV></TH></TR></TBODY></TABLE>
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<P><STRONG><FONT face="Verdana, Arial, Helvetica, sans-serif" color=#000000 size=-1>In This Issue:</FONT></STRONG></P></DIV>
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<LI><A href="#1">Social Security Board of Trustees Report Released</A>
<LI><A href="#2">Social Security Budget Reduced</A>
<LI><A href="#3">Veterans and Social Security</A>
<LI><A href="#4">A Handsome Gift for Dads Everywhere</A>
<LI><A href="#5">Need a Baby Name or Answers to Your Social Security Questions? Use Your Mobile Device!</A> </LI></UL></DIV></TD>
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<P align=left><STRONG><FONT face="Verdana, Arial, Helvetica, sans-serif" size=2>Social Security Board of Trustees Report Released</FONT></STRONG></P>
<P align=left><A href="/OACT/TR/2011/"><IMG height=167 alt=Boardroom src="cid:CPAHPTPJAUNK.boardroom.jpg" width=200 align=right border=0></A> <FONT face="Verdana, Arial, Helvetica, sans-serif" size=2>The Social Security Board of Trustees released its annual report on the financial health of the Social Security Trust Funds. The report projected:</FONT></P>
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<LI><FONT face="Verdana, Arial, Helvetica, sans-serif" size=2>The combined Trust Funds will be exhausted in 2036 one year sooner than projected last year. Without changes, in 2036 the Social Security Trust Fund will be able to pay only about 77 percent of scheduled benefits </FONT>
<LI><FONT face="Verdana, Arial, Helvetica, sans-serif" size=2>Over the 75-year period, the Trust Funds would require additional revenue equivalent to $6.5 trillion in present value dollars to pay all scheduled benefits. </FONT></LI></UL></DIV>
<P align=left><FONT face="Verdana, Arial, Helvetica, sans-serif" size=2>"The current Trustees Report again reflects what we have long known to be true we need changes to ensure the long-term solvency of Social Security and to restore younger workers' confidence in the program," said Michael J. Astrue, Commissioner of Social Security.</FONT></P>
<P align=left><FONT face="Verdana, Arial, Helvetica, sans-serif" size=2>You can find the 2011 Trustees Report at <A href="/OACT/TR/2011/">www.socialsecurity.gov/OACT/TR/2011</A></FONT>.</P></TD>
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<P><FONT face="Verdana, Arial, Helvetica, sans-serif" size=2><A name=2></A><STRONG>Social Security Budget Reduced</STRONG></FONT></P>
<P><FONT face="Verdana, Arial, Helvetica, sans-serif" size=2><A href="/budget/"><IMG height=167 alt="SSA FY 2012 budget overview" hspace=4 src="cid:TEJUXEPQXQZQ.budgetoverview2010.jpg" width=200 align=left border=0></A>Congress provided us with $11.4 billion for our Fiscal Year (FY) 2011 administrative expenses$23 million below the enacted FY 2010 level and nearly $1 billion below the FY 2011 President's budget request. </FONT></P>
<P><FONT face="Verdana, Arial, Helvetica, sans-serif" size=2>Given the tight budget situation, we are continuing our SSA-wide hiring freeze with the exception of our hearings operation. We have had to cut most of the overtime, except for critical activities like helping people who come into our offices for service at the end of the day. Our field office and hearing office employees will no longer visit remote service sites; and we will not open the new teleservice center or eight new hearing offices as we had planned. We also have suspended issuing Social Security Statements. By making these very tough choices, we will be able to avoid furloughing our employees and will keep our doors open to the public in FY 2011.</FONT></P>
<P><FONT face="Verdana, Arial, Helvetica, sans-serif" size=2>Even though our budget has been cut, we remain focused on eliminating our hearings backlog by FY 2013. Our hearing receipts have been increasing, but we are hiring new judges and support staff over the next few months and, with adequate funding in FY 2012, expect to continue to make progress improving this important workload. </FONT></P>
<P><FONT face="Verdana, Arial, Helvetica, sans-serif" size=2>The number of employees we have determines the amount of work we can complete. We expect to lose about 3,500 employees this year and 4,400 in the next fiscal year if we continue to operate at an approximately level budget. We will do our best to serve the American people, and encourage everyone to use our online services at <A href="http://www.socialsecurity.gov">www.socialsecurity.gov</A></FONT></P>
<P><FONT face="Verdana, Arial, Helvetica, sans-serif" size=2>To learn more about Social Security's budget, visit <A href="/budget/">www.socialsecurity.gov/budget</A>. </FONT></P>
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<P align=left><FONT face="Verdana, Arial, Helvetica, sans-serif" size=2><A name=3></A><STRONG>Veterans and Social Security</STRONG></FONT></P>
<P><FONT face="Verdana, Arial, Helvetica, sans-serif" size=2><A href="/policy/docs/ssb/index.html"><IMG height=167 alt=Veteran hspace=4 src="cid:UPGIUYYHBMBG.veteran.jpg" width=200 align=left border=0></A>Did you know that more than one out of five adults receiving Social Security have served in the U.S. military? Veterans and their families make up 35 percent of the beneficiary population. </FONT></P>
<P><FONT face="Verdana, Arial, Helvetica, sans-serif" size=2>Nearly 650,000 veterans under the age of 62 receive Social Security, and about 4.3 million veterans aged 75 or older draw Social Security benefits. You can find out more about the veteran and Social Security populations in the May issue of our research journal, Social Security Bulletin. While you’re there, click “Subscribe to Updates” on the right side of the page to receive updates. Visit <A href="/policy/docs/ssb/index.html">www.socialsecurity.gov/policy/docs/ssb/index.html</A>. </FONT></P>
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<P><FONT face="Verdana, Arial, Helvetica, sans-serif" size=2><A name=4></A><STRONG>A Handsome Gift for Dads Everywhere</STRONG></FONT></P>
<P><FONT face="Verdana, Arial, Helvetica, sans-serif" size=2><A href="/"><IMG height=167 alt="Father and Sons" hspace=4 src="cid:KZMXZIAEDQSR.fathers-day2011.jpg" width=200 align=right border=0></A>Father's Day is right around the corner. Dads around the nation may get the usual gift: a necktie or new fishing lure. But there's one gift available that's even better. People all over the country can help their dads save nearly $4,000 a year on the cost of prescription drugs. You can encourage your clients to do the same and it won't cost a dime. </FONT></P>
<P><FONT face="Verdana, Arial, Helvetica, sans-serif" size=2><EM>Extra Help</EM> available through Social Security could pay part of the monthly premiums, annual deductibles, and prescription co-payments. That Extra Help is worth an average of almost $4,000 a year. </FONT></P>
<P><FONT face="Verdana, Arial, Helvetica, sans-serif" size=2>To learn more about the Medicare prescription drug plans and special enrollment periods, visit <A href="http://www.medicare.gov/default.aspx?AspxAutoDetectCookieSupport=1">www.medicare.gov</A> or call 1-800-MEDICARE (1-800-633-4227; TTY 1-877-486-2048). </FONT></P>
<P><FONT face="Verdana, Arial, Helvetica, sans-serif" size=2>To learn more about the Extra Help from Social Security, visit <A href="/">www.socialsecurity.gov</A>, where you also can find an easy-to-use online application. </FONT></P>
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<P align=left><A name=5></A><STRONG><FONT face="Verdana, Arial, Helvetica, sans-serif" size=2>Need a Baby Name or Answers to Your Social Security Questions? Use Your Mobile Device!</FONT></STRONG> </P>
<P><FONT face="Verdana, Arial, Helvetica, sans-serif" size=2><A href="http://www.socialsecurity.gov/OACT/babynames/"><IMG height=167 alt="Smart phone" hspace=4 src="cid:QPQDCSNHHEBM.smartphone.jpg" width=200 align=left border=0></A>About to be a parent and you haven't had time to pick up a book to search for baby names? There's an app for that!</FONT></P>
<P><FONT face="Verdana, Arial, Helvetica, sans-serif" size=2>Use your iPhone, iPod Touch, or iPad to search the most popular baby names of the last 120 years using official Social Security data. Social Security's Baby Names Playroom allows you to browse names, search for a particular name, or choose the "surprise me" mode to randomly find names at the shake of your device. We even offer a trivia game and encourage you to use Twitter and Facebook to share your favorite baby names. </FONT></P>
<P><FONT face="Verdana, Arial, Helvetica, sans-serif" size=2>Got a Social Security question you need answered while you're on the go? Use our mobile-friendly FAQs page. Just go to <A href="http://ssa-custhelp.ssa.gov">www.socialsecurity.gov/faq</A> from your mobile device. </FONT></P>
<P><FONT face="Verdana, Arial, Helvetica, sans-serif" size=2>Of course, you're welcome to visit our baby names and frequently asked questions pages from your computer or laptop -- at <A href="/OACT/babynames/">www.socialsecurity.gov/OACT/babynames/</A> and <A href="http://ssa-custhelp.ssa.gov">www.socialsecurity.gov/faq</A>. </FONT></P>
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