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Social Security

Tuesday, November 20, 2012

Giving Thanks: Key Programs Keep 26 Million Out of Poverty

Jasmine V. Tucker, National Academy of Social Insurance

This Thanksgiving, Americans across the country can be thankful for four critical programs that helped keep nearly 26 million people out of poverty in 2011, including three social insurance programs: Social Security, unemployment insurance (UI), and workers' compensation, and a related program, Supplemental Security Income (SSI).

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Tuesday, October 16, 2012

Quick Facts on Social Security’s 1.7% COLA for 2012

Elisa Walker, National Academy of Social Insurance

This morning the Social Security Administration announced that beneficiaries will see a 1.7% cost-of-living adjustment (COLA) beginning in their January 2013 checks. Social Security benefits are automatically adjusted to keep up with the cost of living.

Key points from the release:

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Posted on October 16, 2012  |  1 comment  |  Add your comment
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Wednesday, March 7, 2012

The Social Security Debate and American Democracy

Eloy Fisher

Social Security is not in crisis, as Ken Buffin reminded us in his presentation at NASI's 24th annual policy research conference on January 26 in Washington, DC. For the next 25 years, Old Age, Survivors, and Disability Insurance (OASDI) trust funds are 100% solvent, and beyond that window, 90% solvent for two more decades.

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Wednesday, October 19, 2011

Social Security Privatization: What the Candidates Can Learn from Central Europe and Latin America

Elaine Fultz, Former director of the International Labor Organization office for Russia, Eastern Europe, and Central Asia*

In recent weeks, all but one of the Republican Presidential candidates (Jon Huntsman) have made comments favoring privatization of social security, that is, its replacement or partial replacement with privately managed individual investment accounts.  This was the approach advocated by President George W. Bush, unsuccessfully, after his reelection in 2004. The candidates’ renewed interest in social security privatization is striking given the recent volatility of financial markets and the losses that Americans have incurred in their 401(k) and other private investment accounts.  It is perhaps even more striking given the large body of analysis showing that privatization would disadvantage low- income workers while benefitting the wealthiest Americans. This was, for example, a key finding of the U.S.

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Posted on October 19, 2011  |  1 comment  |  Add your comment
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Monday, October 15, 2018

Personal post-retirement risk and the future of Social Security

The following are comments by Anna Rappaport from the Academy’s forum on the Future of Social Security, held on September 5, 2018, in Chicago, Illinois. Anna served as a discussant for a presentation by Henry Aaron on his proposed set of reforms to assure the long-term financial balance of Social Security.

I agree with Henry Aaron about the changes in the environment that lead to an increase in personal risk over time. And the level of personal post-retirement risk is increasing.

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Posted on October 15, 2018  |  Write the first comment
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