Description: Summary of panel discussion on Social Security. Examines the developments and outlook concerning the President's recommendations to Congress for the U.S. OASI system, including extension of coverage, need to increase both the tax rate and taxable wage levels, and liberalization of benefit formula. Also looks at the current developments in Canada.

Description: This document is from the Digest of Informal Discussion, Transactions of Society of Actuaries 1955 Volume 7, Number 17. It provides the names of the individuals contributing to the discussion along with a summary of their remarks. The discussion covers social security in Canada and the U.S., including principles underlying recent and prospective developments, inconsistency and overlapping among different systems, types of benefits and benefit levels, use of private carriers and self-administered plans, and types of plans and coverages.