Featured Jobs
|
Strategic Retirement Plan Consultant Retirement Plan Consultants
|
|
BPAS
|
|
Retirement Relationship Manager MAP Retirement
|
|
MAP Retirement
|
|
DWC - The 401(k) Experts
|
|
Defined Benefit Plan Consultant/Actuarial Analyst Sentinel Group
|
|
Plan Administrator, Defined Benefit & Cash Balance The Pension Source
|
|
Sentinel Group
|
|
Pattison Pension
|
|
Regional Vice President, Sales MAP Retirement
|
|
MAP Retirement
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
Estimates of the Financial Effects on Social Security of the 'Social Security Expansion Act' (PDF)
Office of the Chief Actuary, U.S. Social Security Administration [SSA] 
Feb. 13, 2019
24 pages. "Trust Fund reserves would be extended from 2034 under current law to 2071 ... Under current law, 79 percent of scheduled benefits are projected to be payable on a timely basis in 2034 after depletion of the combined trust fund reserves ... Under the proposal, 89 percent of scheduled benefits are projected to be payable in 2071 after depletion of the combined trust fund reserves ... Enactment of the eight provisions of this proposal would reduce the long-range OASDI actuarial deficit of 2.84 percent of taxable payroll under current law to 0.62 percent of payroll under the proposal." [Act introduced on Feb. 13, 2019 by Sen. Bernie Sanders (D-VT) and Rep. Peter DeFazio (D-OR).]
|
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |