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Strengthening Social Security for the Long Run: Insights from 1983

Strengthening Social Security for the Long Run: Insights from 1983

November 23, 2010, 2:00 pm 3:30 pm
Location
SR-485 Russell Senate Office Building
Washington, DC
United States
Contact Elizabeth Lamme

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An encore briefing which discussed NASI's new brief, "Strengthening Social Security for the Long Run."


In policy discussions about the long-term financing of Social Security, reforms enacted in 1983 are often held up as a model of balanced political compromise. But that is not exactly what happened. Only the short-term reforms, aimed at getting the program safely through the 1980s, contained a mix of changes that affected Social Security contributors and beneficiaries more or less evenly. The piece Congress added to address the remaining long-term shortfall was not a compromise. It was solely a benefit cut that is still being phased in today.

The National Academy of Social Insurance is featuring a new policy brief, Strengthening Social Security for the Long Run with a fresh perspective on fixing Social Security.

Moderator:
Lisa Mensah, NASI Chair and Executive Director of the Aspen Institute Initiative on Financial Security 

Speakers:
Janice Gregory, NASI President and Social Security Subcommittee staff, 1983
Virginia Reno, NASI VP for Income Security and Greenspan Commission staff

Discussant:
Wendell Primus, Policy advisor to House Speaker Nancy Pelosi and chief economist for the Committee on Ways and Means, 1983

  • What happened in 1983?
  • Why the growing concern about the inadequacy of Social Security going forward?
  • Can we afford Social Security in the future? 
  • What do Americans say they want? How might we improve benefit adequacy at an affordable cost?