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The 2020 Social Security Trustees Report

The 2020 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. At the end of 2019, the OASDI program was providing benefits to 64 million persons, including 48 million retired workers and dependents, 6 […]

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Social Protection and Personal Thrift

The French Institute of Actuaries will host an international actuarial colloquium in Paris in May with the theme Individual Choices facing Societal Changes. The organizers of this international colloquium have posed a question that represents a direct challenge to the global actuarial profession: “Can actuarial science bridge the gap between individual and collective choices?” At […]

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National Academy of Social Insurance Policy Initiatives for 2020

The National Academy of Social Insurance is a Washington-based nonprofit, nonpartisan organization whose membership comprises the nation’s leading experts on social insurance. The Academy’s mission is to advance solutions to national social and economic challenges and to increase public understanding of how social insurance programs contribute to economic security. Social insurance encompasses broad-based systems that […]

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Social Security 2100 Act: Modified Provisions and Updated Actuarial Cost Projections

The Social Security 2100 Act, which was previously discussed in the August 2014 edition of Commentary, has been modified and updated. This proposed legislation would strengthen the United States Social Security system, known as Old-Age, Survivors and Disability Insurance (OASDI), and would achieve 100% actuarial solvency based on financial projections for the next 75 years. […]

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The 2019 Social Security Trustees Report

The 2019 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 […]