From The National Center for Policy Analysis and The Heritage Foundation:
Retirement/Social Security
How Reforms Would Affect Social Security’s Funding Shortfalls, Total Spending, and Distribution of Benefits and Taxes
by Liqun Liu, Andrew J. Rettenmaier
National Center for Policy Analysis
December 21, 2011
The current Social Security program and the changes considered in the study all require benefit cuts and/or tax increases to reduce Social Security’s unfunded obligations. Several of the provisions, including raising the retirement age and progressive indexing, can be part of a reform that includes individually-owned accounts funded by savings. Funding the accounts would require additional savings during a transition period, but in the end the reformed program would provide retirement benefits that are partially prepaid.
URL: www.ncpa.org/pdfs/st337.pdf
Retirement/Social Security
How Reforms Would Affect Social Security’s Funding Shortfalls, Total Spending, and Distribution of Benefits and Taxes
by Liqun Liu, Andrew J. Rettenmaier
National Center for Policy Analysis
December 21, 2011
The current Social Security program and the changes considered in the study all require benefit cuts and/or tax increases to reduce Social Security’s unfunded obligations. Several of the provisions, including raising the retirement age and progressive indexing, can be part of a reform that includes individually-owned accounts funded by savings. Funding the accounts would require additional savings during a transition period, but in the end the reformed program would provide retirement benefits that are partially prepaid.
URL: www.ncpa.org/pdfs/st337.pdf
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