since 2003, the social security fund has been maintaining a database of all those who officially work, receive a social security certificate, that the greenest card, and pays monthly payments to the social security fund. it doesn't matter whether the person does it themselves or the accountant at their place of work. much has changed over the past 20 years, the system has been adjusted, the information about belarusians has been made more detailed, and the receipt of data has been simplified. the personalized accounting system was created so that data on a person's long-term work would not disappear and would be available to them at any stage of life. after perestroika and the collapse of the union, many could not prove that they had earned a pension. in the late eighties, early nineties, one-day enterprises did not bother with taking into account employees. people were often forced to combine work as a bouncer and a teacher. music or a taxi driver and a nuclear scientist, they thought about how to feed their family, and not how to ensure an entry in their work book. after perestroika

fund, of course, we settled on such a formula that it is easiest to minimize errors if the social security fund itself does it, the fund has a personalized system. since 2003, records have been kept for each employee of their place of work, earnings, from which contributions to the fund's budget were paid, therefore, when we started to invent, let's say, a new formula, we realized that we had enough information for in order to take on this load, the calculated load, thereby reducing the administrative load on the business, but also , of course, to reduce, to minimize those errors that today the account... errors are made by accounting services, therefore everything was in favor of these calculations being carried out centrally on the side of the fund, which accordingly today has already been launched into life since july 1, this mechanism has started working, according to the new procedure, sick leave will be calculated based on the average daily earnings, what is the advantage here? well, the average daily earnings it used both in the old mechanism before july 1, and in the new mechanism, the

question about artificial intelligence and information resources, the entire database is in the social security fundhe delight of accountants, economic services, this innovation is the calculation of the average daily earnings is no longer done by the organization's accountant or economist, this is a calculation directly for the funds, so it turns out to be beneficial for the person. the fund's resources, that is, it takes into account the earnings at all the places of work of the person, from which he pays taxes, yes, it calculates the amount of the average daily earnings, they are multiplied by the number of days of sick leave, at the main place of work they are paid to the person, but taking into account that in these 45%, when i said that there were violations, there were both overpayments and underpayments of sick leave, so this whole system will be balanced, but except... for women on maternity leave, because they think it is unfair to call a woman who is raising a child, yes, well, it is clear how they work hard there, excuse me for such slang, to call her disabled, maybe there is some sense

individual entrepreneurs in the social security fund will be linked to the income of entrepreneurs, aew draft law has been prepared, it is currently under consideration in the house of representatives. what changes? we are waiting, we will ask the relevant department. these are. areas of interest, we are talking about notable events in the economy, with you veronika buta, hello! in belarus there are about thirty houses above the norm, this is 10 times less than there were in 2013, each long-term construction project is under the control of the competent authorities. the country has come a long way, the system was literally laid out brick by brick. will the new legislation be able to concrete over old problems? ilona volynets on how she managed to achieve a thaw on frozen objects. irina sovetskaya enters the long-awaited own two-room apartment, next to the metro building, the windows overlook a wide avenue, excellent infrastructure , not an apartment, but a dream, only it should have come true 9 years ago, i dreamed that i would live in this apartment at 40, now my child is already goi

but social security funds and services to this work can also be dangerous and monotonous in switzerland. robots of being tested and taking on beast tough. the machines have one advantage that can work 247 without getting tired of this robot is a guard on wheels with foldable legs. that doesn't seem phased by adverse working conditions. and it should ideally patrol large areas like this free yard. the developers of the swift start up acendo hope to fill a gap in the chronically understaffed security industry with their robot chose to go for the security market because there's a place where it's really difficult to find people nowadays to have to work long hours. and they have to work in every way to conditions. we did this job ourselves and it's really purple. and we wanted to help there. and our robots are able to make the life of these cards a lot easier. the cost of a robot depends on many different factors, but according to a center, the costs are lower than employing a human garden in switzerland. a $360.00 degree camera allows the robot to get a full view of it. surrounding its the

we have contacted the social security fund, we will discuss the proposal. further reform of agriculture. orsha and shklov. for their effective work, a new quality of life for people, special programs were developed at the time, personnel decisions were made, and of course, solid funding was allocated. it is time to see, first of all, what issues have not yet been resolved, where they remain. bring returns, this was a fundamental conversation about technological executive discipline, personnel, in such a project as an agroholding, feed quality and modernization of dairy complexes. all the details from ilona krosuvskaya. summer is a hot time in the schedule of the head of state, many business trips , most of them agricultural. the demand at the recent conference call, including on the agro-industrial complex, was colossal, but naturally, everything related to agriculture. there is always something to discuss here, the president arrived in shklov today in a row of those meeting and sergei bartash, the former minister of agriculture. literally for everything, f

the social security fund accumulates funds for pensions for belarusians.ach working citizen contributes 1% of their salary there towards their pension. employers send 28% of the salary fund, but not from the salaries of employees. in addition, the employer sends 6% of the salary for each employee for social insurance, that is, for sick leave and benefits. we have not forgotten about them, we are just talking about them now pensions. pensions are 1% of the employee, plus 28% of the employer. the regional social security departments determine what pension, who is entitled to it, apply to the fund. protection, it transfers the money, they distribute it to the country's pensioners, but the fund, or local authorities, cannot transfer the money to people themselves, they do not have the infrastructure for this, for this you need someone reliable, who can be trusted with the funds of pensioners, who has an automated accounting system, the ability to transfer and deliver money, a room for receiving citizens, cash windows, because the ministry of labor, and the fun

contributions of individual entrepreneurs to the social security fund will be linked to the income of entrepreneurs, a new draft law has been prepared, it is now under consideration in the house of representatives. what changes do we expect, we will ask the relevant department. this is an area of ​​interest, we are talking about notable events in economy, with you veronika buta, hello. there is order in belarus. will the new legislation be able to concrete old problems? ilo na volynets about how they managed to achieve a thaw on frozen sites. enters the long-awaited own two-room apartment, next to the metro building, the windows overlook a wide avenue, excellent infrastructure, not an apartment, but a dream, only it should have come true 9 years ago, i dreamed that i would live in this apartment at 40, now my child is already going to the ninth grade, i already sorry, soon 50, and i still dream of my own apartment, that is, a good story that began, well, as if very inspiredly ended personally. for my family, i think, all this house is not very fun, a private country house, a car, a ga

have motivational, stimulating preferences, our employers are exempt from paying funds to the social security funddetachment that they hired. i myself am from vitebsk , i study in novopolotsk at the polossky state university named after efrosina polosskaya, in the third year, i myself am an engineer by profession.

it's also apparently going to advance the insolvency date of social security's reti retiremet trust fund by over a year. >> that's when people will make a deal. we're going to take social security. we're not going to do anything to hurt our seniors. there's so much cutting, there's so much waste in the government, there's so much fat in the government. i also have no tax on tips. that's a big deal. maria: are you going to make that an official line item, no tax on the tips. >no tax on tips,very simple. maria: what about the debt? no taxes on social security, no taxes on tips, when does 35 trill chron in debt become an -- 35 trillion in debt become an emergency. >> we were doing so well prior to covid, we were going to start reducing debt and start reducing taxes. i gave the biggest tax cut ever, bigger than the reagan tax cuts. you know what happened? i was very interesting. we took in more revenue with a smaller percentage of taxes than we did with a big percentage and nobody understood it. i did. some people did few people understood it. when we cut taxes we took in much more money. th

it is also apparently going to advance the solvency date of social security's retirement trust fund bywhen people make a deal. you know that. but we are going to take care of social security. we are not going to do anything to hurt our seniors. there is so much cutting, there is so much waste in this government, there is so much that in this government. i also have no tax on tips, that's a big deal. >> it's not actually that big a deal. joining us now is brandon duke, senior director of economic policy at the center for american progress action fund. he was an adviser to the biden harrah's national economic council. brendan, there is so much to explore here. but let's just start with the tips. it will have virtually no effect on anyone making less than $28,000 a year. that is about $14 an hour if you are talking about an hourly wage, which is what a lot of people who are in the service industry earn. this is not what donald trump is suggesting that it is. >> know. it is the trump university of tax plans. that is the best way to put it. so, ted cruz took donald trump's idea, ran with it

but fewer workers, more recipients and the fund gradually drains, as is happening now. >> in the early 20 30's, the social securityon the retirement side will exhaust its reserves. >> that is a social security expert. >> money will keep coming in from the payroll tax, but if nothing is done, benefits will be cut and no one wants that. >> as social security recipients, my wife and i sure don't, neither do the 70 million plus baby boomers born in our wake, nor do you, i assume. do you think the money is going to run out? >> i have an inkling it might. >> do you think the money will be there? >> i hope so. it comes out of my check every week. i hope it does. >> do you think the money will be there? >> god, i hope so. >> i would say no. >> there is plenty of reason for concern, says the lead author of the guidebook i helped write years ago, get what's yours. >> the system is completely bankrupt. whatever fix they come up with is going to be a much bigger burden on our kids and grandchildren. >> the coming generational storm was written back in 2004 and has been sounding his alarm ever since. >> the way we are going is

prepared for them. firstly, it has been announced that the scheme of interaction with the social security fundimplified, but in addition, the procedure for paying contributions will change, so what is being prepared for our individual entrepreneurs? according to the draft law, we have provided that individual entrepreneurs, firstly, we have divided them, so to speak, into two groups: individual entrepreneurs, payers of a single tax, will pay contributions as now from the amount of the minimum wage only for periods when the single tax has been paid, that is, we understand that if the tax is ... then the activity will be carried out, therefore, in general, nothing changes for individual entrepreneurs, payers income tax, here is a slightly different scheme, how we will work with them. for these individual entrepreneurs, we will calculate contributions from the minimum wage, but taking into account income, that is , if an individual entrepreneur has an income of less than 12 minimum wages per year, and here i want to draw attention to the fact that we will take into account income taking into acco

that if nothing is done to address the social security shortfall, we are going to see things aggregate even further by a minimization in terms of the amounts of fundsoming into the social security trust fund. we can also expect at the same time to see a higher demand for some of the benefits, maybe even disability benefits, as we talk about a population group that has traditionally been unhealthy, higher disability rates, etc., become a majority of the working population. it is possible to demand -- and, of course, the demands on social security may become even higher even as its ability to actually meet those demands becomes more diminished. that makes the decision-making of the policymakers involved even more critical at this particular time. that they need to be looking at demographic trends alongside how to actually reshape the program in a way that works best while also addressing the shortfall in way that makes sense. we actually came up -- is bill here? the recent national academy of social insurance -- no, he is not here. we did an op-ed that he could not get published anywhere. we were turned down by "the washington post come, "new york ti

it will advanced insolvency of social security retirement trust fund by over one year. >> you know, one of the things good about that is that is when people will make a deal. you know that. we will take care of social security. we will not do anything to hurt. there is so much cutting, so much waste in this government, so much fat in this government, also no tax on tips. that is a big deal. >> will you make that an official line item in your economic plans? no tax on tips? >> no tax on tips. >> what about the debt? no taxes on social security, no taxes on tips. >> you know, we were at a point, we were doing so well prior to covid, just prior to covid, we will start reducing debt and we will start reducing taxes further. i gave the biggest tax cut ever, bigger than the reagan tax cuts. we took in more revenue with a smaller percentage of taxes. there we did with the big percentage. nobody understood it. i did. few people understood it. when we cut taxes we put in much more money. the country made more money. >> leading the growth. >> we were getting ready to pay off debt. >> explained to

motivational incentive preferences, these are: employers are exempt from paying funds to the social security fund for those members of the brigades that they hired, i myself am from vitebsk, i study in novopolovsk, at the polovtsian state university named after efrasini polovska, in the third year, i myself am a software engineer by profession, well, i went to the brigades, because the novopolsk brigades are one of the strongest at the minsk tractor plant we are the first time, and so last year i was also in the detachments, we went to the cosmodrome of the eastern mursky region, but tsolkovsky. in september worked at the belarusian nuclear power plant. this year, more than 600 guys are actively participating in republican projects, in minsk there are three large initiatives: traktorostoitel, avtozavodets and atlant. in novopolotsk and polotsk, the medical project medikus is being implemented, in brest, the construction of a patriotic center continues. city fairy tale, city mirage, this is how minsk is presented, in photographs by anatoly kukharchuk. the author's urban photo story can be seen in

them, firstly, it has been stated that the interaction scheme will be simplified with the social security fundition, the procedure for paying contributions will change, so what should our individual entrepreneurs prepare for? according to the draft law, we have provided that individual entrepreneurs, firstly, we divided them, so to speak, into two groups, individual entrepreneurs who are payers of a single tax, will pay contributions as they do now with the amounts of the minimum wage only for periods when the single tax has been paid, that is, we understand that if the tax has been paid, then the activity will be be carried out, therefore, in general, nothing changes, for individual entrepreneurs, income tax payers. here is a slightly different scheme, how we will work with them, for these individual entrepreneurs we will calculate contributions from the amount of the minimum wage, but taking into account the income, that is, if an individual entrepreneur has an income of less than 12 minimum wages per year, here i want to draw attention to the fact that we will take into account the income t

first, figure out when it's best to claim social security. next, fund and emergency reserve.iving expenses. already retired? make it 1-2 years worth. and keep that reserve in a safe easily accessible interest-bearing account. like many working americans, the gesicks were more doers than savers. they drink their 401(k)s. >> i think to us it felt more like a savings account than to focus on i need to have this piled up to actually live on. >> reporter: they have a mortgage, a car loan, and are paying down about $12,000 in other debt, but even with social security, some old pension funds, and their paychecks, money is tight. >> all of these expenses and the debt pay down leaves you with very little money every month, right? >> yes. >> reporter: how much is that? >> $50. >> reporter: had to get situated until age 70 to claim social security, they would be collecting more. can you look at a time where you feel like you can breathe a little more easily, or are you still under stress? >> yeah, it's stressful now, but i think we can see the light at the end of the tunnel. >> reporter

four of it remains in the republican budget and 60% (6%) goes to the social security fund in order to again form their pension guarantees, therefore, in general, taking into account that now there is such flexible taxation, there is an alternative, if we see that the income is small, please, the income tax, if the income allows and there is a desire to fully form pension guarantees, then this is a craft tax, it has remained low to the same extent, that is, they were not formed before, these pensions they had right to participate and you know. experience has shown that in the republic it is approximately 600 people, there are those who formed, but there are not many of them, mostly people, well, that is, with these figures, yes, that is, those who paid taxes, relatively speaking, we can say that yeah. for a very large number of festivals, and the brest region is one of those where a lot of people go, yes, first, relatively speaking, passing all the minsk attractions, like nesvezh and mira in the grodno region, baranovichi begins, then kosovo, pelaezskaya pushcha, all there, plus polesi

and you know the social security trust fund is at risk.'s a question of what would happen to trump's 2017, tax cuts which are set to expire need to be for new not going to renew this tax cuts ticket to the get control the presidency and congress but donald trump would have to face the question of whether he wants to renew this tax cut and if not, how will he pay for the social security tax cuts and so the blue things are working across political purposes here and economically see what chemist talked with the policies of this if trump wins election he says okay phone for my campaign promise we limited this, the window tax cuts i passed in 2017, which are expiring in 2025 at the 2025. see you could have financing question of 1.8 trillion plus another one and a half trillion or so and that is a lot of money to make up in the budget press will say, okay mr. president, that's when will pass okay social security benefit taxes on lower income people and you who will pay for, by not extending your taxes and tax that on the more affluent companies.

offset that because it's also apparently going to advance the insolvency date of social security's retirement trust fund >> one of the things about that is that is when people will make a deal. we're going to take care of social security. were not going to do anything to hurt our seniors. there is so much cutting. there is so much waste in this government, so much fat in this government i also have no tax on tips, that's a big deal. >> it's not actually that big a deal. joining us now is brendan dukes from the center for american progress action fund, adviser to the biden-harris at national economic council. there's so much to explore here but let's start with the tips. it will have virtually no effect on anybody making less than $20,000 a year, that's about $14 an hour if you're talking about an hourly wage, which a lot of people in the service industry earned. >> it is the trump university of tax plans, that's the best way to do it. ted cruz took donald trump's idea, ran with it, turned it into legislation. when you look at it it just does not make any sense so as you said, the problem is tip workers

perhaps raising taxes on high earners, then perhaps you have to start dipping into some of these social security funds and we know they're already under pressure. their fear is that they're going to run out in around and he. is time unless something changes on that front. so that would be a flag to raise their it's also going to significantly add to the deficit as well. i'm not sure how much we care about these things, but we should care about these things. yeah, that's the problem with the funds. of course that you can see on your screen there and it would be a huge problem because that could mean benefit cuts in the future social security is usually the third rail when talking about it. >> although if you're cutting taxes in different thing, housing, a huge issue, people talk about this all the time. what's the plan yeah. let's understand the problem very quickly. supply and demand. we don't have enough houses. first and foremost mortgage rates are high, so people are afraid of buying a new house or moving house because they can't get a cheap enough mortgage that will help us mortgage rates come dow

so that the wealthy pay more into the social security trust fund. when to do that you can raise social security benefits by $2400 a year and expand the solvency of social security for 75 years. overwhelming support. over 70% including a majority of republicans. , say numbers with medicare. people want to expand medicare to cover dental, hearing and vision. people are sick and tired and we are making some on this, lowering prescription drug costs. we are paying roughly speaking twicewe as much for prescription drugs as other people. people want to have us not pay anymore. so do those things, it's popular, it's good policy. that something that i'd like to seee done. >> how far off, would you like harris to embrace of? >> yes. >> have you had conversations with her policy advisers yet? >> we have a little bit, yes. >> do think there's a chance? >> like everything else it's, you know, a lot of factors involved, including mobilizing ordinary americans to make that the men. look, there's an issue that we don't talk very much about. what about money and pol

expanding social security benefits, by $400, by lifting the cap, which now exists so the wealthy pay more into the social security trust fund, supported by 70% of the american people. demanding the wealthy start paying and large corporations pay their fair share of taxes, supported by 70% of the american people. raising minimum wage to a living wage, widely supported. so on all of these issues, that trump calls far left, or communist, i don't know, maybe we are a far left country, i don't know. but these are common sense issues that working class family support. >> let me make the argument some of these things are conservative. if you're going to pay half as much for health care and get better outcomes, i mean, that is pro-money, pro-business, pro- everybody. we pay less for more outcome and that is what we are talking about in and all of these cases. >> don't get me going on health care. this will go on for a few hours but the insanity of not having enough doctors, not having enough nurses, not having enough dentist, not having enough pharmacists in the richest country of the world and having a system designed to make huge

are starting to draw down significantly on social security and medicare to the extent the congressional budget office projects the social security trust fund which is that they am fund anyway on paper it will be exhausted and medicare trust fund ado will be exhausted even earlier. i do not think any serious person looking at this thanks congress is going to sit around and do nothing when these points happen. they are going to find that benefits general revenue they're going to borrow a lot of money going forward and they're going to get more and more close to this example all the sudden it's going to be prohibitively or peopleto borrow just won't lend that money to the federal government because they don't think they're going to get their act together. at that point knowing what you know about political incentives in the united states. voters think what you've delved into in this book what voters think and others think you think americans will choose a higher taxes unless a growth to shore up these benefits? or are they going to choose to cut these benefits and get some dynamism back? >> i still have optimism about america in the end. what

social security and multi employer or union pensions. past and current congresses have failed to properly manage social security and failed to require sound funding rules for union pensions. now, neither can come close to providing retirees what they promise. social security will be insolvent in nine years and it will implement 23% across the board benefit cuts. that's $5300 $5300 per yer the average retiree. now a a program that was suppd to prevent younger generations from having to bear the burden of older generations has instead and asked a $22.4 $.4 trillion unfunded obligation. that amounts to $172,000 for every household in america. simply maintaining current benefits would require the average household to pay at least $3000 more per year in taxes. that money would be far better off in a in a personal acc. my analysis shows if a younger worker today were about to put their social security taxes into a personal account they would have three times as much in retirement after purchasing an annuity. policymakers must reform social security before it becomes an even worse deal for younger workers. by shifting towards the universal benefit and m

starting to draw down significantly on social security and medicare to the extent where the congressional budget office projects that the social security trust fund, which is really a phantom fund, and in the 2030's, and medicaid earlier. and i don't think that any serious person would think congress is going to sit around and do nothing. they're going to get from general revenues and borrow a lot of money going forward and more and more close to this example where all of a sudden, it's going to be prohibitively expensive to borrow or people just won't lend money to the federal government because they don't think they'll get their act together. at that point knowing what you know about political incentives in the united states, about what voters think, what you've delved into what voters think and others think. do you think that americans are going to choose higher taxes and less growth to shore up benefits or choose to cut the benefits and get a little bit of dynamism back? >> well, i still have some optimism about america in the end. you know, what was the famous churchill quote, that america does the right thing after having tried every other

social security and medicare are lifesaving programs for them. instead of funding those programs, they talk about cutting the. if you have a billion dollars, you don't give a dam if your social security check shows up. but if you are like my mom, that is how you pay for your food, your heat, that is how things get done. that check is pretty important to protect it. [applause] again, use their own words. this is a guy that told his friends at mar-a-lago, and this is a direct quote. all of you guys are rich as hell. we are going to give you a tax cut. while saying that wages are too high. if you are confused about where you will go, think about what impacts you and your family the most. let me tell you exactly what vice president harris and i will do when we get elected. as president, then-president harris will sign the act to make unions easier to organize, we will protect the saver grant program. [applause] it is good to see you say this. if you have to spend any time thinking if you want to support the proactive, that tells you where you are act. same thing with t

revenue to offset that because it is also apparently going to advance insolvency date of social security retirement trust fundake a deal you know that we're going to take sear of social security not doing anything to hurt seniors there is so much cutting so much waste in this government there is so much fat in this government i have no tax on tips, that is big deal. maria: what about the debt i mean with o with no taxes on social security, no taxes on tips when does 35 trillion-dollar in debt become -- >> we were doing so well prior to covid just prior to covid going to start reducing debt taxes still further very interesting, we took in more revenue with a smaller percentage of taxes than we did with big percentage nobody understood it. maria: joining me now is committee for responsible federal budget president maya macguineas thanks for being here. thank you, maria. maria: look you have seen a great job in terms of laying all this out in terms of what it completeness for the country's debt in terms of tax policy but i want your take what president trump just said there when he the university taxes said it w

social security are on track to go broke later than expected. that's according to the new annual social security and medicare trustees report. that reflects the go broke date for medicare's hospital insurance trust fundive years later than the last report shows. the numbers for social security show its trust funds will no longer be able to pay full benefits starting in 2035 instead of 2034. >>> day 11 of the 2024 paris olympics meaning the event is coming to a close this weekend. >> yeah, team usa leads the medal count 21 gold and also topping silver and bronze categories with 30 and 28 respectively and jamie yew cast has all the coverage. a lot of the fans here are talking about steph curry and impact and some of the choices which -- we didn't talk about were a little bit painful and let's talk about that jamie, good morning. >> reporter: good morning. to both of you. it's one of those things obviously you have a team of superstars right? and steph curry is an nba all-star. he's fantastic at what he does. but so far this game, he has not been doing his best. but as we've seen with steph curry in the past, he can flip a switch and becomes a very good shooter. his coach steve kerr taking a little flak

starting to draw down significantly on social security and medicare to the extent where the congressional budget office projects that the social security trust fund, which is really a phantom fund anyway, but that on paper it'll be exhausted in the early 2030s and medicare trust fund is going to be exhausted even earlier. and i don't think serious person looking at this that congress is going to sit around do nothing when these points happen. they're going to fund benefits out of general revenues and they're going to borrow a lot of money going forward. and we're going to get and more close to this example where all of a sudden it's to be prohibitively expensive to borrow or people just won't lend money to the federal government because they don't think they're going to get their act together at that point. knowing what, you know, political incentives in the united states about what voter thinking, what you delved into in this book and what voters think and what politicians think and what others think, do you think americans going to choose higher and less growth to shore up these benefits, or are they going to choose to cut these benefits and ge

starting to draw down significantly on social security and medicare to the extent where the congressional budget office projects that the social security trust fund, which is really a phantom fund anyway, but that on paper it'll be exhausted in the early 2030s and medicare trust fund is going to be exhausted even earlier. and i don't think serious person looking at this that congress is going to sit around do nothing when these points happen. they're going to fund benefits out of general revenues and they're going to borrow a lot of money going forward. and we're going to get and more close to this example where all of a sudden it's to be prohibitively expensive to borrow or people just won't lend money to the federal government because they don't think they're going to get their act together at that point. knowing what, you know, political incentives in the united states about what voter thinking, what you delved into in this book and what voters think and what politicians think and what others think, do you think americans going to choose higher and less growth to shore up these benefits, or are they going to choose to cut these benefits and ge