Chicago Social Security Disability Benefits Lawyer Urges Congress to Act Now To Repair SSD Trust Fund - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
June 30, 2012 Newswires
Share
Share
Post
Email

Chicago Social Security Disability Benefits Lawyer Urges Congress to Act Now To Repair SSD Trust Fund

PR Web

Chicago, IL (PRWEB) June 30, 2012

Chicago Social Security disability benefits lawyerLawrence Disparti today urged Congress to take appropriate steps to save the Social Security Disability (SSD) program’s trust fund, which analysts say could be exhausted in 2016.

“We have to admit that we were startled to read recent reports that say the rapid depletion of the SSD trust fund could trigger a 21 percent cut in benefits to up to 11 million Americans in just a few years,” said Disparti, founder of the Disparti Law Group, a Chicago Social Security claims law firm.

“Congress simply must act,” Disparti continued. “Whole families rely on Social Security Disability benefits to stay out of poverty.”

A Social Security trustees report released this spring said the disability program is projected to exhaust its trust fund in 2016, according to a recent article in the Washington Post. The plan is legally prohibited from running a deficit, so benefits would have to be cut.

Social Security programs are funded by workers’ and employers’ contributions through payroll taxes. The disability program, like other Social Security funds, is being drained as more baby boomers qualify for benefits but a smaller workforce is paying into the fund. In addition to there being fewer people of working age in the population, since 2007, the recession has cut the workforce further, according to the report.

In 2010, 8.2 million workers, or more than 5 percent of the working age population (ages 18 to 65), and 2.1 million dependents (not including adult disabled children) were receiving disability payments, according to the National Center for Policy Analysis.

Since the beginning of 2009 alone, more than 5 million people have applied for Social Security Disability benefits.

“We hope Congress will act appropriately,” Disparti said. “It would be much better for those who depend on these benefits, and for the country as a whole, to get this done sooner rather than later.”

Disparti’s firm helps Illinois residents obtain Social Security Disability (SSD) benefits and Supplemental Security Income (SSI) benefits. The firm also helps clients seeking Railroad Retirement Board disability (RRB), Servicemembers’ Group Life Insurance Traumatic Injury Protection (TSGLI) benefits and similar government benefits.

Disparti stressed that those who qualify for and need SSD benefits should file claims for them and, in most cases, should seek legal help obtaining them.

“The SSD program is alive, and its trust fund is viable,” the veteran attorney said. “Those who need disability benefits should seek them.

“We have found that SSD applicants in Illinois who file claims with the assistance of an experienced Social Security Disability attorney get positive rulings on their claims faster than those who don’t.”

About Disparti Law Group, P.A.

Disparti Law Group, P.A., is a Chicago Social Security Disability law firm that provides legal assistance to individuals in cases involving Social Security Disability (SSD), Supplemental Security Income (SSI), railroad disability (FELA and RRB claims) and veterans’ benefits (including TSGLI claims). Additionally, the firm handles a variety of personal injury claims, including car accidents, slip-and-fall or premises liability, products liability, medical malpractice, wrongful death, nursing home neglect and inadequate security. The firm serves clients across the U.S., including Florida, Ohio, Georgia, Tennessee, Houston, St. Louis, Washington, D.C., and the Illinois communities surrounding Chicago, Joliet, Aurora, Naperville, Elgin, Schaumburg, Oak Lawn, Bolingbrook, Cicero and Wheaton. The firm’s office is located in the John Hancock Building, 31st Floor, 875 North Michigan Ave., Chicago, IL, 60611 (local phone ( 312) 546-4623). To learn more about the Chicago Social Security Disability lawyers of the Disparti Law Group, P.A., call (800) 633-4091 or use the firm’s online contact form.

Read the full story at http://www.prweb.com/releases/chicago-ssd-ssi-attorney/disability-benefits/prweb9659793.htm

Copyright:  (c) 2012 PRWEB.COM Newswire
Wordcount:  606

Older

Florida Social Security Disability Benefits Lawyer Says Congress Needs to Repair SSD Trust Fund Now

Advisor News

  • The Medi-Cal money pit
  • The untapped potential of Qualified Longevity Annuity Contracts
  • NYC's fiscal outlook on downslide over budget gaps
  • Health insurance premium tax bill moving in Iowa House
  • Rising health care costs drive sharp increase in retirement anxiety
More Advisor News

Annuity News

  • An Application for the Trademark “GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY” Has Been Filed by Great-West Life & Annuity Insurance Company: Great-West Life & Annuity Insurance Company
  • The forces shaping life and annuities in 2026
  • Variable annuity sales surge as market confidence remains high, Wink finds
  • New Allianz Life Annuity Offers Added Flexibility in Income Benefits
  • How to elevate annuity discussions during tax season
More Annuity News

Health/Employee Benefits News

  • The Medi-Cal money pit
  • State auditor approves new school health trust with at least 150 school districts on board
  • 5 KEY FACTS ABOUT MEDICAID PRESCRIPTION DRUGS
  • ATTORNEY GENERAL BONTA OPPOSES TRUMP ADMINISTRATION'S PROPOSED EXPANSION OF CATASTROPHIC HEALTH INSURANCE PLANS
  • Data on Pain and Central Nervous System Reported by Researchers at National Health Insurance Service (Unintended Consequences of Expanded Magnetic Resonance Imaging Reimbursement: A Nationwide Analysis Revealing Low Clinical Efficiency): Pain and Central Nervous System
More Health/Employee Benefits News

Life Insurance News

  • Hulse, Murray
  • Murray Giles Hulse
  • Oaktree grabs control of Atlantic Coast Life Co. in blockbuster A-Cap deal
  • AM Best Removes From Under Review With Developing Implications and Downgrades Credit Ratings of Banner Life Insurance Company and William Penn Life Insurance Company of New York
  • The forces shaping life and annuities in 2026
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Elevate Your Practice with Pacific Life
Taking your business to the next level is easier when you have experienced support.

Your Cap. Your Term. Locked.
Oceanview CapLock™. One locked cap. No annual re-declarations. Clear expectations from day one.

Ready to make your client presentations more engaging?
EnsightTM marketing stories, available with select Allianz Life Insurance Company of North America FIAs.

Press Releases

  • RFP #T02226
  • YourMedPlan Appoints Kevin Mercier as Executive Vice President of Business Development
  • ICMG Golf Event Raises $43,000 for Charity During Annual Industry Gathering
  • RFP #T25521
  • ICMG Announces 2026 Don Kampe Lifetime Achievement Award Recipient
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet