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 […]

In the early nineteen-eighties, the United States Social Security trust fund had a near-death experience as the size of the reserve fund assets declined to almost zero. This degringolade necessitated remedial action, resulting in the appointment of the Greenspan Commission and the implementation of major structural reforms to the design of the Social Security system. […]

October is the month for the annual meetings of the International Monetary Fund (IMF) and the World Bank in Washington. Central bankers, finance ministers, private sector executives, representatives from civil society organizations, and academics meet to discuss issues of global concern. The IMF’s agenda and objectives revolve around the theme of stability in the global […]