Description: This article from The Actuary, April 1971, volume 5, Issue 4 is about Social Security and Medicare. This note compares actual experience for both fiscal year 1970 and calendar year 1970 with the short-range cost estimates given in the 1970 Trustees’ Reports.

Description: In this year’s Trustees’ Reports, recently submitted to the Congress, most attention focuses on the cash benefits program which is projected to have an actuarial deficit of about 3% of taxable payroll, over the 75-year valuation period.

Description: This article analyzes the proposals in the recent state of the union address to support Social Security. The recommendation contains two plans - to transfer surplus tax revenue to Social Security and to invest part of the transfers in equities.

Description: A Paper to Note The Vital Connection, an ERIC Publication by Joseph Applebaum from Pension Section News, February 1999, Issue No. 39.

Description: This article is a review of the 1977 book “The Future of Social Security,” by Alicia H. Munnell, formerly on the staff of the Brookings Institution and now an Assistant Vice President of the Federal Reserve Bank of Boston. The author of this review notes that the financial problems of the Old-Age, Survivors, and Disability Insurance program have drawn considerable public attention during the past few years, and this has produced quite a number of books and papers on the subject with various recommendations as to what should be done about the future of the program. The reviewer thinks highly of this book, which covers the philosophical questions of individual equity vs. social adequacy, and the question of the effect of OASDI on savings and capital accumulation. Note: A detailed review of the book will appear in the Transactions.

Description: This article from The Actuary, May 1972 – Volume 6, provides references to three notes: 1. Benefit Loads in Relation to Coverage and Reserves for Railroad Retirement and Other Major Retirement and Social Insurance Plans. 2. Two Decades oj Employee Benefit Plans, 1950- 70. 3. Social Security Programs throughout the World.

Description: Describes the OASDI / HI changes brought about by the enactment of H.R. 1 in late October of 1972 including modifications for the HMO Act.

Description: The Social Security Act provides that, on or before April 1 of each year, the Board of Trustees of the OASDI trust funds and the two Medicare trust funds should submit to Congress reports presenting statistical operational data, future cost estimates, other actuarial analyses, and financing recommendations. The 1975 Report shows the worsening financial plight of the program.

Description: This article is a review and discussion of the 1976 “Report of the Consultant Panel on Social Security to the United States Congressional Research Service.” The report contains the results of another government-initiated study of the OASDI system which puts forth a second solution to a problem first publicly identified by the 1975 Advisory Council on Social Security, a problem which has come to be known as the “decoupling issue.” Because the solution proposed by the actuaries and economists making up this consultant panel is significantly different from that of the Advisory Council, this report has inspired some degree of friendly debate among actuaries and others interested in the technicalities of the OASDI benefit formula. Panel members are Peter A. Diamond, James C. Hickman, Ernest J. Moorhead, and William C. Hsiao, Chairman.

Description: This is an article about Social Security disabled-worker experience 1979-1982.