Social Security Reform: Effect on Benefits and the Federal Budget of Plans Proposed by the President's Commission to Strengthen Social Security

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In 2001, President Bush established the President’s Commission to Strengthen Social Security to make recommendations on ways to “modernize and restore fiscal soundness to the Social Security system” in accordance with six principles, one of which mandated the creation of voluntary personal retirement accounts. The Commission proposed three alternative reform models. Under all three proposals, workers could choose to invest in personal accounts and have their traditional Social Security benefits reduced by some amount. Model 1 would make no other changes to the program.

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99 p.

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Nuschler, Dawn & Kollmann, Geoffrey July 15, 2003.

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In 2001, President Bush established the President’s Commission to Strengthen
Social Security to make recommendations on ways to “modernize and restore fiscal
soundness to the Social Security system” in accordance with six principles, one of
which mandated the creation of voluntary personal retirement accounts. The
Commission proposed three alternative reform models. Under all three proposals,
workers could choose to invest in personal accounts and have their traditional Social
Security benefits reduced by some amount. Model 1 would make no other changes
to the program.

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99 p.

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Congressional Research Service Reports

The Congressional Research Service (CRS) is the public policy research arm of Congress. This legislative branch agency works exclusively for Members of Congress, their committees and their staff. This collection includes CRS reports from the mid-1960's through 2018—covering a variety of topics from agriculture to foreign policy to welfare.

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  • July 15, 2003

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  • Nov. 18, 2005, 11:34 a.m.

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  • July 28, 2020, 6:17 p.m.

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Thumbnail image of item number 1 in: 'Social Security Reform: Effect on Benefits and the Federal Budget of Plans Proposed by the President's Commission to Strengthen Social Security'.
Thumbnail image of item number 2 in: 'Social Security Reform: Effect on Benefits and the Federal Budget of Plans Proposed by the President's Commission to Strengthen Social Security'.
Thumbnail image of item number 3 in: 'Social Security Reform: Effect on Benefits and the Federal Budget of Plans Proposed by the President's Commission to Strengthen Social Security'.
Thumbnail image of item number 4 in: 'Social Security Reform: Effect on Benefits and the Federal Budget of Plans Proposed by the President's Commission to Strengthen Social Security'.

PDF Version Also Available for Download.

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Nuschler, Dawn & Kollmann, Geoffrey. Social Security Reform: Effect on Benefits and the Federal Budget of Plans Proposed by the President's Commission to Strengthen Social Security, report, July 15, 2003; Washington D.C.. (https://digital.library.unt.edu/ark:/67531/metacrs7714/: accessed April 24, 2024), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.

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