Description: Summary of the annual cost-of-living adjustment and changes in other wage-indexed programs parameters for Social Security in 2024.

Description: There is growing evidence of a positive correlation between income levels and longevity. In short, high-income earners live longer. That also means that high-income earners get larger retirement-income security benefits from Social Security. This correlation raises a number of questions: if Social Security contributions are a level percentage of earnings, and high-income earners live longer and receive larger Social Security benefits, then is Social Security regressive? If higher-income actually causes enhanced longevity, then would providing more Social Security benefits enhance population life expectancy? This paper analyzes both the OASDI system of the United States and the Canada/Quebec Pension Plans in Canada to see if these systems are 'a good deal' and whether they are regressive or progressive as defined above. From Actuarial Research Clearing House 1998 Vol. 1.

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: OASDI Trust Fund: Principal Economic and Demographic Assumptions from Pension Section News, October 2000, Issue No. 44.

Description: This article is a review of the “Report of the Universal Social Security Coverage Study Group,” published by the department of Health and Human Services in March, 1980. The author of this review notes that the mission of this group was “to examine the feasibility and desirability of mandatory Society Security for employees of the federal government, of state and local governments, and of private non-profit organizations. The article discusses what the report sees as major problems with the lack of universal coverage, and recommendations to address them. Editor’s Note: This is excerpted from a full review to appear in the Transactions.

Description: This session is about the U. S. Social Security System undergoing a period of critical reappraisal with the costs and future of the system in question, and about how the actuarial profession should be involved in the process.

Description: This is an Excel spreadsheet, provided by the Society of Actuaries Pension Section, containing Social Security Earnings Base and Payroll Tax Rates, Social Security Wage Index and Maximum PIA, other Social Security program data, Medicare data, Railroad Retirement Earnings Base and Payroll Tax Rates, and the number of recipients and average monthly OASDI benefits.

Description: This paper examines some of the issues threatening the current health of the Social Security System, and how all or part of the system could be replaced by a cash balance plan. From Cash Balance Symposium Monograph, M-RS02-3.

Description: Reports on recent month-end fund balances in the Old-Age, Survivors, and Disability Insurance funds. They had been facing a great financial crisis recently and now are in much better financial condition.

Description: This paper explores a range of public policy issues stemming from proposals to introduce some form of defined contribution system into Social Security in the U. S. and Canada. From In Defense of Pay-as-You-Go Paygo Financing of Social Security, M-RS99-1.