Description: Argues that the budget for the Social Security program should not be 'unified'with the rest of the federal budget in evaluating the federal deficit.

Description: The reviewer finds the authors have performed a great service by condensing information into a usable study and finds it to be 'required reading' for anyone interested in the OASDI system. From The Actuary, February 1989, Volume 23, No. 2.

Description: The article notes, as explained in Norman Solomon’s paper, TSA XV, 167, so-called windfall appropriations are required annually to finance dual benefits to which certain railroad workers became eligible under the Railroad Retirement Act in consequence of pre-1975 employment that entitled them to both Railroad Retirement and Social Security benefits. The author then notes that the Office of Management and Budget has arbitrarily reduced revised appropriations, and that “the actuarial profession should take a strong stand against this by-passing of actuarial determinations.”

Description: A discussion of the future of the Social Security system, including a summary of the report from the Social Security Administration Advisory Council issued in January 1997. The document also sets forth some philosophical issues pertaining to Social Security purposes and its funding.

Description: This article is a review of the 1977 book “The Future of Social Security,” by Alicia H. Munnell, formerly on the staff of the Brookings Institution and now an Assistant Vice President of the Federal Reserve Bank of Boston. The author of this review notes that the financial problems of the Old-Age, Survivors, and Disability Insurance program have drawn considerable public attention during the past few years, and this has produced quite a number of books and papers on the subject with various recommendations as to what should be done about the future of the program. The reviewer thinks highly of this book, which covers the philosophical questions of individual equity vs. social adequacy, and the question of the effect of OASDI on savings and capital accumulation. Note: A detailed review of the book will appear in the Transactions.

Description: This article discusses the relative merits of investing some Social Security assets in common stocks either by 1. Adjusting the retirement benefits and taxes, and investing part of the Social Security trust funds in the stock market [the 'defined benefit,' or DB, method], or 2. Reduce the basic retirement benefits further, and have workers invest part of their future contributions in individual accounts [the 'defined contributions,' or DC, method].

Description: Discusses public pension reform in Japan.

Description: Article from The Actuary, May 1985 – Volume No. 19, Issue No. 5 that discusses the current financial status of Social Security.

Description: This article gives an overview of how countries all over the world are addressing the issue social security financing and its rapidly growing costs.

Description: Article from The Actuary, June 1971 – volume 5 - Issue 6 reviews the Advisory Council on Social Security's 1971 report on Social Security and Medicare.