Headlines about "Social Security - reform"
Gathered from the web by the editors at BenefitsLink.com.
Annual Statistical Supplement, 2011, Published by the U.S. Social Security Administration
"The Supplement is a major resource for data on our nation's social insurance and welfare programs. The majority of the statistical tables present information about programs administered by the Social Security Administration -- the Old-Age, Survivors, and Disability Insurance program, known collectively as Social Security, and the Supplemental Security Income program. In addition, data are presented on the major health care programs -- Medicare and Medicaid -- and social insurance programs, including workers' compensation, unemployment insurance, temporary disability insurance, Black Lung benefits, and veterans' benefits. The Supplement also includes program summaries and legislative histories that help users of the data understand these programs." (U.S. Social Security Administration)
Social Security Bulletin (February 2012)
Vol. 72, No. 1. Articles include The Impact of Changes in Couples' Earnings on Married Women's Social Security Benefits, The Retirement Prospects of Divorced Women, This Is Not Your Parents' Retirement: Comparing Retirement Income Across Generations; and The Increasing Labor Force Participation of Older Workers and its Effect on the Income of the Aged. (U.S. Social Security Administration)
IMF Analysis of Pension Reforms in Advanced Economies
"[G]radually raising retirement ages could help countries contain increases in pension spending and boost economic growth. Further cuts in pension benefits, or raising payroll contributions, are also options countries could consider, although many countries will find many advantages in raising retirement ages. The challenge is to reform pension systems without hurting their ability to provide income security for the elderly and prevent old-age poverty." (Huffington Post)
Government Health Spending Seen Hitting $1.8 Trillion
"[R]esearchers warned that the longer term prospects for rising healthcare spending could have dire consequences for the U.S. deficit when combined with the cost of Social Security, if current revenue levels remain unchanged." (Reuters)
Increasing Retirement Ages Would Reduce Spending and Limit Benefits
"The Congressional Budget Office released on Jan. 11 an issue brief describing the effect of increases in the eligibility ages for Social Security and Medicare. The CBO found that raising the Medicare eligibility age or the early or full eligibility age for Social Security would reduce federal spending and limit the number of people with access to health insurance." (AdvisorOne)
CBO Issue Brief: Raising the Ages of Eligibility for Medicare and Social Security
"This issue brief reviews how ages of eligibility affect beneficiaries under current law and how delaying eligibility would affect beneficiaries, the federal budget, and the economy." (U.S. Congressional Budget Office)
U.S. Debt Is Now Equal to Economy
"The amount of money the federal government owes to its creditors, combined with IOUs to government retirement and other programs, now tops $15.23 trillion. That's roughly equal to the value of all goods and services the U.S. economy produces in one year: $15.17 trillion as of September . . . ." (Battlecreekenquirer.com)
How Would the President's Fiscal Commission's Social Security Proposals Affect Future Beneficiaries? (PDF)
"Using the Dynamic Simulation of Income Model, we project how Social Security benefits and payroll taxes would change were Congress to enact the National Commission on Fiscal Responsibility and Reform's proposal. We show benefits at several points in time and relative to pre-retirement income, a low-income standard, and lifetime payroll tax contributions. Theproposal's projected effects are particularly deep relative to current law scheduled for those reaching retirement in several decades. Projected benefit reductions relate closely to lifetime earnings: Lower earners are largely shielded, higher earners face significant reductions. Projections are sensitive to workers' assumed responses to certain proposal provisions." (Urban Institute)
The President's Fiscal Commission and Social Security
"This video features Melissa Favreault, a senior fellow at the Urban Institute's Program on Retirement Policy, discussing the ways the Bowles-Simpson plan would change Social Security, who would be affected the most, and what the timeframe is for taking action." (Urban Institute)
[Opinion] Allowing New Retirees to Decide What Social Security Benefit Structure Works Best for Them
"There is much talk about the need to bring Social Security into actuarial balance, to ensure that the trust fund stays positive beyond 2035, and the system remains sound for future generations. Why not right that balance and at the same time give Social Security beneficiaries more choices about how and when their benefits are distributed?" (Bloomberg L.P.)
How Would President's Fiscal Commission's Social Security Proposals Affect Future Beneficiaries?
"The proposal's projected effects are particularly deep relative to current law scheduled for those reaching retirement in several decades. Projected benefit reductions relate closely to lifetime earnings: Lower earners are largely shielded, higher earners face significant reductions." (Urban Institute)
[Opinion] Why Raising the Retirement Age Won't Shrink the Deficit
"Washington deficit cutters often attempt to justify a higher Social Security retirement age by pointing toward rising longevity and the need to work longer. There are several problems with that argument. First, most of the longevity gains are going to affluent Americans with access to better health care and diets . . . ." (TRIBUNE MEDIA SERVICES, INC. via Entrepreneur Media Inc.)
Focus on Social Security and Retirement
With a focus on the intersection between politics and economics, this item lists recent polls, reports, commentaries on the isssues. (The Fiscal Times)
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