Description: Chapter 7 of the Models for Retirement Policy Analysis. This chapter describes the Social Security Administration's system of assumptions and modeling techniques used to project the finances of the Federal Old Age and Survivors Insurance OASI and Disability Insurance DI trust funds.

Description: The Social Security System faces a funding crunch some 30 years in the future. Democrats and Republicans agree on the funding problem and that investing in the stock market can help fill the gap. But both views cannot be right.

Description: This is the fourth paper on n-year roll forward reserve financing of public benefit systems, especially Old-Age, Survivors and disability Insurance OASDI, prepared by University of Michigan faculty and students. As the papers have developed, some ideas have been simplified, while others have become more complex. It is concluded that the theoretical model requires further attention. This research can be extended to expand our knowledge of OASDI financing and the applicability of n-year roll forward reserve financing.

Description: These are the abstract, outline, graphs and tables of the paper “Conclusions from Michigan Studies of Social Security Financing”. By such studies we mean the papers prepared during the past five years by actuarial students and Cecil Nesbitt, and which have appeared in ARCH. The paper is in three parts: A lengthy Abstract, followed by 17 pages of text, graphs, tables and references. The third part is a 10 page Appendix which gives the proofs of text statements.

Description: Book Review: Within the System: My Half Century in Social Security by Robert Myers . 'This splendid book' tells of Mr. Myers remarkable public service career and appraises the influence of many American politicians.

Description: Recent testimony on Social Security was given to the U.S. Senate Special Committee on Aging by David Langer, who defended the current system and strongly opposed recent moves to privatize. This article summarizes Mr. Langer's testimony.

Description: This article is a review of the book “Social Security” by Robert J. Myers, published in 1975 by Richard D. Irwin, Inc. The reviewer calls the book a “marvelous reference source from which to draw in getting a fix on literally hundreds of the finer points relating to eligibility, the method of calculating benefits, in fact the whole background and evolution of these benefits and methods,” and notes the book will be of value to anyone who works with employee benefits that relate in some way to the Social Security system.

Description: On May 16th, the Social Security Boards of Trustees sent to the Congress the three annual reports OASDI, HI, and SMI. These reports present cost projections similar to those provided to the Congress last year at the time of enactment of the 1977 Amendments.

Description: Social Security Disability Insurance DI experience in 1980 is continuing most recent trends, but changing somewhat in a few others.

Description: This paper discusses and reaches the conclusion that baby-boomers and younger workers need to be told that their Social Security benefits will be substantially less adequate than those of today's retirees, and that they need to know now so that they have time to take appropriate actions to have more retirement income available from other sources. From The Old-Age Crisis - Actuarial Opportunities - The 1996 Bowles Symposium, M-RS99-1.