Share/Bookmark Syndicate content

Social Security

Tuesday, May 20, 2014

A Response to Larry Kotlikoff

Larry Thompson, Founding Board Member, National Academy of Social Insurance

Larry Kotlikoff advocates replacing the current defined-benefit [Fixing Social Security, May 20, 2014], mostly-pay-as-you-go Social Security system with a system of funded individual accounts financed by mandatory contributions. This general approach was first adopted by Chile almost 35 years ago, and soon became popular among that set of economists most enamored with the universal superiority of markets as a mechanism for allocating resources. In the latter half of the 1990s, the approach was promoted internationally by the World Bank.

Read More…
Posted on May 20, 2014  |  15 comments  |  Add your comment
Keywords:
Wednesday, February 26, 2014

Social Security: Making the Most of Your Biggest Retirement Asset

Virginia P. Reno, National Academy of Social Insurance

The National Academy of Social Insurance joins more than 1,000 organizations nationwide during America Saves Week, February 24-28, with a public education initiative to help Americans boost their financial security. 

The Academy’s new toolkit, When to Take Social Security: It Pays to Wait, explains how waiting to take Social Security retirement benefits, if you can, will increase your monthly benefit by as much as 76 percent. Key messages are:

Read More…
Posted on February 26, 2014  |  4 comments  |  Add your comment
Keywords:
Wednesday, November 27, 2013

A Thought for Thanksgiving: Thanks for Social Insurance

Jasmine V. Tucker, National Academy of Social Insurance

In September, the Census Bureau released the official poverty figures for 2012, which showed that 46.4 million Americans (15%) lived in poverty last year. Three vitally important social insurance programs, Social Security, unemployment insurance (UI), and workers' compensation, and a related program, Supplemental Security Income (SSI), kept the poverty rate from being much higher. Last year, these four programs worked together to keep nearly 26 million Americans above the federal poverty level, which was roughly $12,000 for a non-elderly adult living alone and $23,300 for two non-elderly adults and two children.

Read More…
Thursday, March 28, 2013

Social Security: The Choice is Ours

Christina Trusty

After leaving the NASI’s 25thannual conference, Medicare and Social Security in a Time of Budget Austerity, I came home to many who were eager to hear of my experience – and I had a lot to share. My family members are not exactly thrilled about my newfound interest in their retirement accounts, Social Security beneficiary status, and their knowledge of the Medicare program’s structure. Despite the whirlwind that was my return home, I noticed one constant in my conversations with peers about my newly acquired knowledge of Social Security.

Read More…
Posted on March 28, 2013  |  Write the first comment
Keywords:
Thursday, March 28, 2013

Delaying Retirement: Should Average Life Expectancy Determine Retirement Age?

Tatsuko Go Hollo

These days many Americans, whether political or not, are tuned into discussions about social insurance programs. Retirees and younger generations, alike, are questioning whether Social Security benefits will be ample enough to carry them through their retirement years. Despite solvency for the next two decades, a number of options are being explored to ensure Social Security benefits are available for generations to come. Potential solutions range from those that cut benefits for the long-term to those that increase federal revenues to maintain or boost retiree benefits. A consideration that regularly discussed is the full retirement age and how it relates to the average life expectancy of Americans.

Read More…