(Advertisement)

Job losses, early retirements taking toll

Applications for benefits to force Social Security to pay out more than it collects

Posted: September 28, 2009 at 4:49 a.m.

Big job losses and a spike in early retirement claims from laid-off senior citizens will force Social Security to pay out more in benefits than it collects in taxes the next two years, the first time that's happened since the 1980s.

This story is only available from the archives. Click here to contact the online desk.

Front Section, Pages 1, 4 on 09/28/2009

(Advertisement)



« Previous Story

Germany gives Merkel 2nd win

German Chancellor Angela Merkel, top candidate of the Christian Democratic Union Party, waves after the German general elections in Berlin on Sunday.

German Chancellor Angela Merkel on Sunday won the centerright majority that eluded her four years ago - nudgin... Read »

Next Story »

Assassination attempt rattles Afghan official

A damaged vehicle is seen at the site of a blast in Herat, Afghanistan on Sunday.

A powerful member of President Hamid Karzai's Cabinet threatened to quit after a suicide car bomb attack targe... Read »

Comments

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Please read our comment policy.

Use the comment form below to begin a discussion about this content.

Registration is required to make comments. Click here to LOGIN.
You can register for FREE to post comments and receive alerts.