Description: This article describes a report by the GAO that was prepared at the request of Congressman Wolff. Robert J. Myers, the author of the article, that the GAO report is “an excellent summary of the various recent studies on the financial problems confronting the OASDI system. Four of the studies have been recently reviewed in The Actuary: An Actuarial Audit of the Social Security System by Kaplan and Weil April 1975, the 1975 Trustees Report June 1975, Report of the Panel on Social Security Financing to the Committee on Finance, U.S. Senate May 1975, and Reports of the Quadrennial Advisory Council on Social Security October 1975. Also considered in the report are editorial comments by The Wall Street Journal which first impelled Congressman Wolff to request the GAO Report.”

Description: This article is a review of “1972 Lifetime Earnings by Age, Sex, Race, and Education Level, Research and Statistics Note No. 14-1975,” published by the Social Security Administration, which presents detailed data by quinquennial age groups, sex, race, and years of school completed as to the present value of future earnings based on static earnings levels 1972. It is stated that such data can be used for general analytical purposes to form policy, for court determinations of awards in damage suits, and for cost-benefit analysts in such areas as disease prevention and education programs. The author of this article notes in his analysis the inconsistency of the static salary assumptions with a range of interest rates from 2% to 8%.

Description: Surveys show that young people do not have confidence that Social Security will exist when they retire - a view that is supported by some official projections. Author points out some ways the funding shortfalls can be corrected to secure Social Security's future.

Description: Summaries of three Social Security Administration Actuarial Notes for June and July 1969 covering medical, disability and survivor benefits.

Description: Article from The Actuary October 1992 – Volume 26, No. 08 is a book review of Social Security: What Every Taxpayer Should Know

Description: The author proposes an adjustment to the automatic benefit increase formula to reflect discrepancies between the CPI and wage inflation.

Description: Commentary from Robert Myers regarding the apparent success of the actuarial cost estimating procedure for the Social Security program on its 40th anniversary.

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: Continues actuarial discussion on the book Social Security: Perspectives for Reform.

Description: This article discusses amendments to the Social Security Act recommended by President Johnson which are incorporated in H.R. 5710. The bill amends the provisions and of the OASDI, Medicare and Medicaid programs.