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A Slightly Different Actuarial Perspective on the 2018 Social Security Trustees Report
Ken Steiner, FSA Retired
[Opinion] June 28, 2018
"Since there are no mechanisms in current Social Security law to automatically adjust tax rates or benefits when the system falls out of 75-year actuarial balance or falls out of 'Sustainable Solvency', there is no way to 'ensure' Sustainable Solvency over a period longer than one year.... [A]chieving sustainable solvency with reform changes does not mean that the system's financial problems will be solved forever[.]"
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