The Office of the Chief Actuary for the US Social Security system has released an information note that provides an updated baseline for the actuarial status of the OASDI trust funds, reflecting the estimated effects of the covid-19 pandemic and the ensuing precipitous recession. The 2020 Trustees Report that was prepared and released early in […]
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 […]
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 […]
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 […]
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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