Social Security Administration April 2009 – Federal Register Recent Federal Regulation Documents

We are issuing public notice of our intent to alter, add a new routine use, and make minor housekeeping changes to an existing system of records in accordance with the Privacy Act (5 U.S.C. 552a(e)(4) and (e)(11)). The affected system of records is the Working File of the Appeals Council (60-0004), hereinafter referred to as the AC Working File. The proposed alterations will result in the following changes:

Social Security benefits are a key foundation in providing income security for millions of Americans. However, they are intended to complement other sources of income wherever feasible, such as pensions, tax-deferred retirement savings accounts, or personal savings. The current economic climate means that many Americans are now in danger of having insufficient savings for retirement and other life events. This situation occurs at a time when workers also need to take increasing responsibility for their savings decisions as many employers are moving from defined benefit to defined contribution plans.