![]() Ed mun d at ten ded Ne wp ort To wnship High School. Edmund was born in Glen Lyon, onSeptem ber10 ,191 6.He wasa son of the late Peter and Helen (Isdep- ski) Szymanski. ![]() ![]() The tru ste es sai d in 203 7 the go ver nme nt wil l be tak ing in enough in Social Security payroll taxes to pay about three-fourths of existing benefits.ĭmund Raymond Shemanski, 94, of Apple Street, Glen Lyon, died Tuesday, in De- troi t,Mich.,follow inga brie fillness. The Soci al Secu rit y tru st fun d wa s pro jec ted to be exhau ste d in 2036, compared with last year’s proj ectio n thatit wou ld bedepleted in 203 7. Many experts believ e that the savin gsincludedin Obama’ s healt h ca re pr og ra m wi ll ne ve r be ach iev ed bec aus e the y inc lud e deep cuts in payments to doctors thatCongresshas rout inel y waiv ed and other cost savings that will be difficu lt to real ize. ” The tru ste es sa id th at th ey mov ed the tar - get date for the Medicare hospital trust fund to be exhaust ed from 2029 to 2024 because of a weaker economy, which means fewer peo- ple working and paying Medicare premiums into the fund, and con- tin ued inc re ase s in hea lth car e costs. W e should not wait for the trust funds to be exhausted to make the re- forms necessary to pr ot ec t ou r curr ent and fu- ture retirees. Tr eas ury Sec re tar y Ti mot hy Geithner, who chairs the trustees panel, said the new report under- sco re d “th e nee d toact soo nerrat h- erthanlate r tomakeref orm sto our ent itl eme nt pr ogr ams. ![]() Thetrus tee s forthefundssaidin theirannualreportthat theworse n- ing financ ial pictur e empha size d the need for Con gr ess to mak e changes to avoid disruptive conse- quenc esin thefuturefor milli onsof people who depend on health and pensi on bene fits. Theann ualchec ku p sai dthatthe Medicare hospital insurance fund wil l nowbe ex hau ste d in 202 4, fiv e yea rs ear lie r tha n las t ye ar’ s est i- mat e.The newrep ortsaysthat the Social Security trust fund will be exh aus tedin 203 6, oneyearearli er than befo re. W ASH ING TON - The bad economy has shortened the life of the trust funds that support Social Securi ty and Medi care, thenation’ s two biggest benefit programs, the government reported Friday. ![]()
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