The 2017 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance (OASDI) Trust Funds presents updated information regarding the financial status of the United States Social Security system. The Board of…
The United States Social Security system is a dynamic system in many different ways. Certain features of the benefit structure are subject to periodic parametric adjustments that are typically tied to inflation, as measured by changes to consumer prices or…
The main source of financing for the United States Social Security system is a fixed payroll tax that is currently set at the rate of 6.20% of covered annual earnings up to a limit of $127,200 and is payable equally…
The March 2011 edition of Commentary described the inadequacies of the system of providing retirement income in the United States. The current arrangements for the provision of retirement income in the United States are not expected to be adequate for…
The National Academy of Social Insurance (NASI) has published a timely report with the title “Report to the New Leadership and the American People on Social Insurance and Inequality”. NASI is a nonprofit, nonpartisan organization made up of the nation’s leading experts on…
The 2014 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance (OASDI) Trust Funds, transmitted to Congress on July 28, discloses that at the end of 2013, the OASDI program was…
Democratic Congressman John Larson of Connecticut has introduced proposed legislation, Social Security 2100 Act, to strengthen Social Security and achieve 100% solvency over the next 75 years. His proposal comprises seven key provisions to generate enhanced revenues, provide benefit improvements,…
The last few days of July produced several reports and discussions on Social Security. The 2014 Annual Report of the Social Security Trustees was released on July 28 with a briefing at the US Treasury. The National Academy of Social…
The topic of Social Security sustainability has been widely discussed in recent years and is receiving increasing attention from policy makers as well as economists, actuaries and other experts. Sustainability is a particularly complex topic that is influenced by several…
The publication by the Inter-American Development Bank of a timely book Better Pensions and Better Jobs: Towards Universal Coverage represents a significant contribution to the literature on the subjects of pension provision and the economics of the labor market in…