Social Security

Financial sustainability and other topics related to the Social Security program.

Social Security Committee issue brief that examines “means testing,” an option to reform Social Security that would reduce or eliminate benefits for wealthy and/or high-income participants and beneficiaries. (December 11, 2012)

Slides from the November 27, 2012 Social Security webinar discussing the assumptions used to evaluate Social Security’s financial condition, and providing an overview of the actuarial status of Social Security based on the 2012 Trustees report. The audio of the presentation is available here. (November 27, 2012)

Social Security Committee issue brief examining the assumptions used to evaluate Social Security's financial condition. (May 31, 2012)

Social Security Committee issue brief on the significance of the Social Security trust funds. (May 31, 2012)

Social Security Committee issue brief examining the 2012 Social Security Trustees Report. (May 31, 2012)

Voter guide on Social Security to help explain Social Security reform proposals during this election year. (May 7, 2012)

Social Security Committee letter urging the president, congressional leaders, and the Joint Select Committee on Deficit Reduction to improve the long-term solvency and sustainability of Social Security. (September 22, 2011)

Public Interest Committee second follow-up letter to Chairman Johnson and Ranking Member Becerra of the House Ways and Means Subcommittee on Social Security regarding Academy's congressional testimony. (August 26, 2011)

Letter following up Public Interest Committee congressional testimony to House Ways and Means Subcommittee on Social Security. (August 15, 2011)

Social Security Committee issue brief on automatic adjustment mechanisms that could help address actuarial balance challenges facing Social Security. (August 4, 2011)

Public Interest Committee Chairperson testimony to the U.S. House Committee on Ways and Means Subcommittee on Social Security. Tom Terry, the Committee Chairperson, told the subcommittee that actuaries believe it necessary for policymakers to act promptly in considering options for putting Social Security on a path toward sustainable solvency. 
(July 8, 2011)

Social Security Committee issue brief highlighting the 2011 Social Security Trustees Report and outlining the public policy options to address Social Security's long-term financial soundness. (May 26, 2011)

Pension Practice Council’s presentation slides for the Capitol Hill briefing: An Actuarial Perspective on the 2011 Social Security Trustees Report. Presenters from the Academy's Social Security Committee shared insights on the 2011 Social Security Trustees Report and presented reform options that, if enacted now, could help address Social Security's long-term financial soundness.
(May 26, 2011)

Social Security Committee issue brief on the 2010 Social Security Trustees' Report. (October 15, 2010)

Social Insurance Committee updated issue brief examining the potential effects of increasing the retirement age for Social Security. (October 4, 2010)

Social Insurance Committee issue brief on changes to the benefit formula and taxation of benefits under proposed social security reform. (June 1, 2010)

Academy letter to FOX News responding to a news segment about the determination of cost of living adjustments (COLAs) for Social Security. (September 4, 2009)

Academy letter to Rep. Anthony Weiner concerning his comments about Social Security's annual cost-of-living adjustments (COLAs). (September 4, 2009)

Social Security Committee comment letter to the Federal Accounting Standards Advisory Board (FASAB) responding to an Exposure Draft: Accounting for Social Insurance. (June 3, 2009)

The Academy issued a public interest statement urging policymakers to immediately address Social Security's long-term financial problems by raising the retirement age to reflect increasing longevity. (August 4, 2008)