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Social Security Reform: How Different Options Might Affect Future Funding (PDF)
Employee Benefit Research Institute [EBRI] Sept. 10, 2009
Pages 13-18 of 20 pages. Excerpt: This article analyzes various potential reform provisions that have been widely discussed that would affect the benefit levels and program revenues of Social Security. This analysis also discusses the potential impact of these provisions on the financial status of the OASDI program. The provisions discussed are those that would: Lower the scheduled increase in future benefit levels by changes to the benefit formula. Change the contribution and benefit base (amount of earnings that are taxable and used for the calculation of benefits under OASDI) and the taxation of benefits. Increase the retirement age. All of these approaches have been part of various comprehensive reform proposals over the last two decades.
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