Treasury plans social security debit card: report
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The Treasury Department is set to offer a prepaid debit card for Social Security recipients and has chosen Dallas-based Coamerica Bank as the card issuer, The Wall Street Journal reported on Friday.
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The U.S. Social Security  Administration is set to publicize its financial problems and  promote partial privatization of the government pension system  as part of a solution, despite the objections of many agency  employees, The New York Times reported on Saturday.
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Thousands of workers in the United States and Mexico could be eligible for Social Security benefits under a proposed agreement between the two nations.
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The Texas House of Representatives has approved a bill that would allow local courthouse clerks  to disclose "in the ordinary course of business" Social Security numbers contained in public records maintained by their offices.
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The U.S. government will send  prescription drug discount cards to 1.8 million poor Medicare  patients who have yet to sign up for $1,200 in savings offered  over the next 14 months, officials said on Wednesday, in the  wake of criticism over the complexity of the scheme.
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President Bush's advisers have settled on a proposal for structuring the personal accounts they hope to create in Social Security, while on Capitol Hill Senate Democrats were launching an effort to defeat the plan altogether.
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Federal agencies must review their use of Social Security numbers and come up with a plan in 120 days to eliminate their unnecessary collection and use within 18 months, the Office of Management and Budget said in a memo released yesterday.
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Identity thieves can snare Social Security numbers from a potpourri of public records, especially those maintained by state and local governments, according to a new report by the Government Accountability Office.
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Under the White House Social Security plan, workers who opt to divert some of their payroll taxes into individual accounts would ultimately get to keep only the investment returns that exceed the rate of return that the money would have accrued in the traditional system.
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President Bush plans to replace John Snow as US Treasury Secretary and possible successors include Andrew Card, currently the White House chief of staff, the New York Times reported Monday.
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PLANO, Texas - Electronic Data Systems Corp. said Tuesday it would offer early retirement incentives to 9,200 US workers, or 17.4 percent of its domestic work force, and expects to take a $150 million charge in the fourth quarter to cover the costs.
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A SOCIAL SECURITY PROPOSAL: The Bush administration is considering allowing younger workers to invest nearly &#36;2 of every &#36;3 from payroll taxes in private accounts, up to &#36;1,000 to &#36;1,300 annually.
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WASHINGTON - The Bush administration said in a report yesterday that Social Security is facing a $13.6 trillion shortfall in coming years and that delaying reforms is not fair to younger workers.
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The U.S. House of Representatives on Tuesday voted to support a Bush administration plan to allow the use of Mexican identification cards to open U.S. bank accounts.
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U.S. officials said they would unveil on Friday reasonable and inexpensive national requirements to implement an identification-card program critics call a costly invasion of privacy.
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A poll suggests that a large majority of Americans support restrictions on the use of Social Security numbers if it would help prevent identity theft.
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The Bush administration has made a major production of its scheme to restructure Social Security. That notion was the centerpiece of President Bush&#39;s economic strategy meeting last week.