Description: This paper presents an analysis of whether workers get their 'money's worth' from the taxes they pay under the U.S. Social Security program. The cash retirement benefits for various cases of workers who have attained age 65 in different years and at different earnings levels is explored. From Transactions of Society of Actuaries 1983, Vol. 35.

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 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: 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 is a discussion of the paper, Mortality Experience under the Old-Age and Survivors Insurance System by Louis O. Shudde. From Transactions of Society of Actuaries 1951, Vol. 3, No. 7.

Description: This paper offers a mathematical discussion of integrating private pension plans with social security and looks at IRS rules, earnings replacement by social security, integrating defined benefit and defined contribution plans, early retirement, target plans, discrimination test and other issues. From Transactions of Society of Actuaries 1976, Vol. 28.

Description: This paper explores how change in societal forces can affect the systems for providing security including private pensions, social security, life insurance and health insurance. The societal forces examined are changes in family, role of women, inflation and the age composition of population. From Transactions of Society of Actuaries 1978, Vol. 30.

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: The paper reviews the demographic shifts, including improved life expectancy and the baby-boom/baby-bust cycle, of the past half-century and discusses their impact on the funding of pay-as-you-go paygo social security systems. From Transactions of Society of Actuaries 1995, Vol. 47.

Description: This is a discussion of the 1950 amendments to the Social Security Act. From Transactions of Society of Actuaries 1951, Vol. 3, No. 7.