8:30 AM REGISTRATION AND LIGHT BREAKFAST
9:00 AM WELCOME
Part I: Social Security and Its Finances
9:10 AM SESSION 1: Why is Social Security Important and How Does It Work?
Why is Social Security relevant and important to younger generations? Who receives benefits? How important are Social Security benefits for the people who receive them? What is Social Security Disability Insurance?
10:10 AM SESSION 2: Social Security's Financing and Policy Options
Balancing contributions, adequacy, and solvency: How do we find a balance? How are Social Security benefits paid? What is the long-term outlook for Social Security’s finances? What policy options exist for achieving solvency and adequacy?
11:00 AM BREAK/NETWORKING
Part II: Policy Options
11:15 AM Explanation of discussion sessions
11:20 AM POLICY PROPOSITION #1: The retirement age
Raising the retirement age: What it does and whom it affects, including DI beneficiaries
Tiffany Bosley, Supervisory Actuary, Office of the Chief Actuary
Proposition: Should we raise the retirement age?
11:50 AM BREAK/LUNCH
12:30 PM POLICY PROPOSITION #2: Contribution structure
The Social Security contribution structure: What it is and how it works
Jason Schultz, Executive Officer and Supervisory Actuary, Office of the Chief Actuary
Proposition: Should we eliminate the payroll tax cap?
1:00 PM BREAK/NETWORKING
1:15 PM POLICY PROPOSITION #3: Expanding benefits
Options to expand benefits for OASI and DI: What the options are and how they work
Daniel Nickerson, Actuary, Office of the Chief Actuary
Proposition: Should we expand benefits? (may decide for which populations)
1:45 PM POLICY PROPOSITION #4: Cost of living adjustments
Cost of living adjustments: What they are, how they work, and whom they affect
Kyle Burkhalter, Actuary, Office of the Chief Actuary
Proposition: Should we change Social Security’s cost of living adjustment to the CPI-E or to the chained CPI?
2:15 PM BREAK/NETWORKING
2:30 PM PUTTING IT ALL TOGETHER: Creating Your Own Solution for Social Security Solvency and Adequacy
Which arguments did you find most persuasive? Which policy options would you choose to achieve solvency for Social Security’s finances and adequacy for beneficiaries?
Moderator: Elliot Schreur, National Academy of Social Insurance
Part III: Applying Social Security Policy
4:00 PM Current Developments in Social Security Policy
4:30 PM Wrap-Up and Door Prizes