Description: A comparison of Social Security benefits, for a hypothetical new entrant to the program, between the 1972 Social Security Act and the 1977 Social Security Act.

Description: In this article the author chides the authors of the 'SUMMARY OF THE 2010 ANNUAL REPORTS SOCIAL SECURITY AND MEDICARE BOARDS OF TRUSTEES' for presenting biased 'misinformation and disinformation in their Message to the Public, and for their contribution to public ignorance about Social Security and Medicare financing.' He attributes this to the fact that the Boards are devoid of public trustees, and consist solely of partisan political appointees.

Description: This article discusses the changes to the Social Security System that were enacted at mid-year 1972 in Public Law 92-336. Among the changes are the so-called 'automatic' provisions,' under which Social Security benefits are periodically increased in step with the Consumer Price Index, and the earnings base is concurrently increased in step with average earnings levels.

Description: This paper is from Transactions of Society of Actuaries 1955 Volume 7, Number 17. The author describes the 1954 amendments to Social Security, with a comparison to the 1950 and 1952 amendments, all of which primarily affected the Old-Age and Survivors Insurance [OASI] system, increasing benefits. Data on experience under the 1950 and 1952 amendments is provided. The author discusses the major changes enacted under the 1954 amendments, among them extension of coverage, increases in benefits and an increase in the maximum wages subject to contributions.

Description: Article describing two actuarial notes released by the Social Security Administration in 1967 clarifying changes to primary insurance amounts and family benefits.

Description: The Social Security retirement test based upon earnings.

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: 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: Industry briefings and SOA news

Description: Article from The Actuary September 1992 – Volume 26, No. 7 is about Social Security's projected costs exceeding income