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

Description: The article presents descriptions of the July, 2015, newsletter articles, and the author suggests topics where future articles are welcome.

Description: Article The 1979 Annual Report of the Trustees Of the U.S. Social Security Programs by Bartlett in The Actuary, June 1979, Volume 13, Number 6

Description: Discusses and critiques the book Social Security: Perspectives for Reform.

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

Description: Social Security poses a substantial financing challenge for the future, largely due to demographic changes. This article explores the reasons behind this issue and possible changes that will be needed in the future.

Description: This article is the second in a two part series that summarizes a longer paper that can be downloaded from the website of the Social Insurance and Public Finance Section. Both articles take the form of a point-counterpoint dialogue addressing important aspects of social insurance programs. The first part discussed their nature, desirability and advantages, as well as whether they can form a framework to achieve sustainable inter-generational equity. This article focuses on whether pre-funding of a social insurance program can occur and can contribute to the financial security of the participants. Fundamental differences of opinion exist regarding these programs, not only due to different personal and political values, but also as a result of the viewpoint taken (for example, assessment of the program in isolation, consideration of the sponsoring government's financial situation, or the overall national economy).