Description: Presented at April 1986 Spring Meeting. This session was a debate on the future financial viability of the Social Security Program.

Description: This 1978 session on Social Security Funding included discussion on 1. Major Amendments, 2. Financing condition of Social Security after amendments, 3. Benefit levels, and 4. Possible future legislation.

Description: This 1981 discussion session is about 1. Proposals to reorient Social Security to encourage later retirement, 2. The impact of later retirement on employers, employees, pension programs and insurers, 3. The desirability, practicality and equity of requiring later retirement, 4. The problems of funding disability-related early retirement, and 5. Alternative approaches to bringing the long-range benefits and revenues of Social Security into equilibrium.

Description: A review of a book by a former Commissioner of Social Security, in which he shares his thoughts on what Social Security is, the new law, the financing, the benefits, the types of employment covered, the benefit amounts, the retirement test, and several subsidiary topics.

Description: This paper is from Transactions of Society of Actuaries 1955 Volume 7, Number 17. The author describes the 1954 amendments to Social Security, with a comparison to the 1950 and 1952 amendments, all of which primarily affected the Old-Age and Survivors Insurance [OASI] system, increasing benefits. Data on experience under the 1950 and 1952 amendments is provided. The author discusses the major changes enacted under the 1954 amendments, among them extension of coverage, increases in benefits and an increase in the maximum wages subject to contributions.

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: This session from the 1983 SOA Hollywood, Florida Meeting examines the Social Security Amendments of 1983 including benefits vs. taxes over a worker's lifetime, implications of Social Security changes for employee benefit plans and compensation arrangements. From Record of Society of Actuaries, Vol. 9, No. 4.

Description: The question is frequently raised: Do workers get their money's worth from the payroll taxes that they pay under the U.S. Social Security program? Analyses by nonactuaries are usually faulty because of incorrect methodology and/or incorrect assumptions. This paper presents an analysis of cash retirement benefits for various cases of workers at two earnings levels who attained age 65 and retired in the past and who will attain the normal retirement age and retire at several dates in the future. In summary, the vast majority of workers who retired in the past received, and are receiving, benefits of far greater value than the taxes that they paid. This situation will change in the future, especially if tax rates rise to a level sufficient to support the program over the long run. Many workers who retire in the future will not get their money's worth when the combined employer-employee taxes are considered. This result would be expected eventually for a program that is financed almost entirely by these payroll taxes. However, the vast majority of workers will get their money's worth if only the employee tax is considered. From Transactions of Society of Actuaries 1992, Vol. 44.

Description: This article discusses Social Security amendments of 1983 that include triggering devices based on trust-fund ratios that affect the funding or benefits of the system for both OASDI and Medicare.

Description: Highlights the recent changes to Social Security and Medicare from enactment of the Tax Reform Act of 1986 and the Omnibus Budget Reconciliation Act. Also highlights some changes voted in by one of the houses but not by both, and therefore not enacted.