The July edition of Commentary presented the main results from the 2018 Annual Report of the Trustees of the Federal Old-Age and Survivors Insurance and Disability Insurance (OASDI) Trust Funds regarding the financial status of the U.S. Social Security system. The main purpose of the trustees’ report is to evaluate the relationship between the actuarial […]

The 2018 Annual Report of the Trustees of the Federal Old-Age and Survivors Insurance and Disability Insurance (OASDI) Trust Funds presents information regarding the financial status of the U.S. Social Security system. The Board of Trustees is composed of six members: Secretary of the Treasury, Secretary of Labor, Secretary of Health and Human Services, Commissioner […]

An authoritative and timely paper, prepared by the world’s leading expert actuaries on Social Security finance, is now available through the International Actuarial Association (IAA). This important paper, Measuring and Reporting Actuarial Obligations of Social Security Systems, was developed by the IAA’s Social Security Committee (SSC), and announced by the IAA in a News Release […]

The July 2017 edition of Commentary described the system of parametric adjustments to the United States Social Security system, indicating how certain features of the benefit structure are subject to periodic adjustments that are typically tied to inflation, as measured by changes to consumer prices or national wage levels. These adjustments include an annual cost-of-living […]