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 paper presents an analysis indicating that an asset level of 50 to 105 percent of annual OASDI expenditures generally would be sufficient to cover the effects of adverse economic conditions for about 5 to 10 years. A discussion of this paper is included.

Description: This paper documents recent medicare utilization experience from 1975-1977 extracted from a large statistical data file developed by the Department of Health and Human Services. From Transactions of Society of Actuaries 1982, Vol. 34.

Description: First part of a 3 part panel discussion about social insurance in Great Britain. From Transactions of Society of Actuaries 1962, Vol. 14 Pt. 2

Description: This discussion on Social Security examined questions related to the 1950 amendments including the effect on the beneficiary population, issues with including life insurance agents, and the affect on agent pension plans. Also, prospects for a disability program within Social Security, the impact of the proposed Canadian Old Age Pension program, and problems relative to the British Columbia hospitilization plan are discussed.

Description: This article from the Digest of Informal Discussion, Transactions of Society of Actuaries 1956 Volume 8, Number 20, identifies the participants and summarizes their comments. The discussion topics include proposed legislation to provide disability benefits under OASI, the proposal to lower the OASI retirement age for women from 65 to 62, the advantages and disadvantages of bringing the personnel of the U.S. armed forces under OASI, coverage of state and municipal employees, and developments in Canada.

Description: This paper presents and analyzes data on disability and disability termination rates from group waiver of premium, group disability income, individual loss-of-time business and the OASDI system. The paper also presents the differences in disability termination rates between male and female and the possible causes. From Transactions of Society of Actuaries 1979, Vol. 31.

Description: Continuation - Part 2- of a three part panel discussion about social insurance in Great Britain. Moves on to a discussion of social insurance in the United States including social security, disability income, unemployment insurance and old age assistance From Transactions of Society of Actuaries 1962, Vol. 14 Pt. 2

Description: This discussion looks at the probable effects on the life insurance business due to recent changes in Social Security law and whether companies and group/self-administered retirement plans have made changes because of the amendments.

Description: This paper presents a critical analysis of the economic assumptions employed in making projections of the social security program. Also, it discusses the importance of the relationship between increases in the Consumer Price Index and increases in wages in covered employment. From Transactions of Society of Actuaries 1981, Vol. 33.