As it currently stands, a person could receive both unemployment insurance and Social Security disability benefits at the same time. Now, new legislation has been introduced in both branches of the U.S. Congress to prevent that form of “double-dipping.”

The bill is sponsored by members of the Ways and Means Committee, specifically Senate Finance Committee chairman Orrin Hatch, R-UT, and Ways and Means Social Security Subcommittee chairman Sam Johnson, R-TX. An additional co-sponsor is Ways and Means Committee chairman Paul Ryan, R-WI.

In a statement, Ryan referred to the legislation as a valuable tool to improve the existing Disability Insurance Trust Fund. When a similar provision was included in President Barack Obama’s 2016 fiscal budget, it was estimated that removing the possibility to take both UI and Social Security benefits at the same time could save as much as $2 billion over a 10-year time period. Ryan called for a bipartisan effort to ensure the safety of the Social Security program.

“Even though disability benefits are for those who can’t work and unemployment benefits are for those who can work, under current law someone can receive both benefits at the same time,” Johnson explained in a statement. “That just doesn’t make sense. This commonsense legislation ends this double dipping and preserves Social Security benefits for only those who truly cannot work.”

Unemployment claims decline on weekly basis
The ebb and flow of unemployment insurance claims can be closely tied to both the economic stability of individual states and the country as a whole.

“Unemployment claims see a yearly drop in early 2015.”

According to the U.S. Department of Labor, seasonally adjusted initial claims reached 283,000 for the week ending Feb. 14, down by 21,000 claims compared to the prior seven-day period. The four-week moving average hit 283,250 claims, a drop of 6,500 from the previous average.

When looking at individual states, the highest insured unemployment rates were in Alaska, New Jersey, Connecticut and Massachusetts. The largest surges in initial claims on a weekly basis were found in New York, Texas, California and Pennsylvania. Overall, there were more than 2.8 million people claiming benefits at the end of January, down from more than 3.5 million at the same time in 2014.

At Corporate Cost Control, we work closely with employers across the country to better manage the nuances of unemployment insurance. Legislation changes on the state level could impact you today, and we welcome any questions or concerns you may have on a wide range of topics.


Contact CCC to see how we can save your organization time and money.
Contact our Sales Team
(800) 207-6926

Featured Videos

View All Videos

Latest News

Close

Sales

Your Name:*

Title:

Company Name:*

Company Address:

Company City:

Company State:

Company Zip:

Number of Employees:

Your Email:*

Phone Number:*

Fax Number:

Check the boxes below if you wish to receive information on any of the following:

Unemployment Cost ControlTax Credits & Incentives (WOTC)Employment / Wage Verification

Your Message:

Employment & Income Verfication

Your Name:*

Title:

Company Name:*

Company Address:

Company City:

Company State:

Company Zip:

Number of Employees:

Your Email:*

Phone Number:*

Fax Number:

Your Message: