Posts Tagged Government pensions and social security

Despite good news, benefit programs face problems

Health and Human Services Secretary Sylvia Burwell, center, flanked by Treasury Secretary and Managing Trustee Jacob J. Lew, left, and Labor Secretary Thomas E. Perez, speaks at a news conference at the Treasury Department in Washington, Monday, July 28, 2014, to discuss the release of the annual Trustees Reports. (AP Photo/Susan Walsh)

WASHINGTON (AP) — Despite some good news, Medicare and Social Security still face long-term financial problems as millions of baby boomers reach retirement. Social Security’s disability program is already in crisis as it edges toward the brink of insolvency.

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Medicare hospital fund to last 4 years longer

Health and Human Services Secretary Sylvia Burwell, center, flanked by Treasury Secretary and Managing Trustee Jacob J. Lew, left, and Labor Secretary Thomas E. Perez, speaks at a news conference at the Treasury Department in Washington, Monday, July 28, 2014, to discuss the release of the annual Trustees Reports. (AP Photo/Susan Walsh)

WASHINGTON (AP) — Medicare’s financial future is looking brighter despite a growing wave of baby boomers reaching retirement.

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