Description: The Social Security System faces a funding crunch some 30 years in the future. Democrats and Republicans agree on the funding problem and that investing in the stock market can help fill the gap. But both views cannot be right.

Description: The article first tries to determine a consensus view of what social security should accomplish and then tries to measure how well the current level of benefits succeeds in meeting these goals. Assessing benefit adequacy is an essential element in putting the overall program on a sound financing footing.

Description: Summarizes and explains the COLA and wage-indexed changes in Social Security program parameters announced by the Social Security Administration on October 13, 2022.

Description: This 1978 teaching session provided a basic primer on the design of the OASDI benefit formula. Areas covered included: 1. The Decoupling issue 2. The Average Indexed Monthly Earnings 3. The Primary Insurance Amount formula 4. The Indexing procedure 5. Transition arrangements 6. The Short Service problem 7. Replacement Ratio considerations 8. Impact of Wage Base changes 9. The Retirement Age and Retirement Test.

Description: This article considers the challenges that need to be addressed in the cost analysis of long range social insurance programs, which in the US is now over a period of 75 years. The main thrust of this paper is the consideration of population changes however, the effects of economic elements cannot be ignored. From Actuarial Research Clearing House, 1984 Volume No. 1.

Description: Panelists and audience engage in a discussion about how to address – and how not to address – the basic financial-income needs of people in the U.S. after they have retired from a productive work life. Considers the current Social Security system in the U.S. and the systems in other countries. From the 1997 Record of Society of Actuaries, Vol. 23, No. 3.

Description: This paper presents a procedure for analyzing the factors that affect federal Old Age, Survivors, and Disability Insurance costs in the U.S. This procedure shows that the tripling of the program costs during the last 30 years resulted from increases in the number of beneficiaries as opposed to increases in the number of covered workers. From Transactions of Society of Actuaries 1986, Vol. 38.

Description: Discussion of social security systems in the English-speaking countries of the Caribbean.

Description: This session discussion is about the national retirement income policy. From Record of Society of Actuaries Vol. 16, No. 1.

Description: This panel discussion examines demographics as it applies to public and private pension plans in the future.