Congressional Research Service Reports - 329 Matching Results

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Social Security Reform: How Much of a Role Could Private Retirement Accounts Play?

Description: Numerous proposals have been made calling for creation of individual retirement accounts to replace or supplement future Social Security benefits. Some believe that having workers accumulate assets based on their own contributions would be a better way to secure future retirement incomes. Others see the creation of private accounts as a way to offset cuts in Social Security that may be needed to restore the system to a sound financial footing. Much of the debate is fueled by the perception that… more
Date: March 4, 1998
Creator: Koitz, David Stuart
Partner: UNT Libraries Government Documents Department
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Social Security: Brief Facts and Statistics

Description: This document provides facts and statistics about Social Security that are frequently requested by Members of Congress and their staffs. Its purpose is to provide quick answers to basic questions about the program. It should not be treated as a guide to Social Security. The reader is advised to consult other publications for explanations of how eligibility and benefits are determined and how the program is financed. Among them are two pamphlets published by the Social Security Administration (S… more
Date: May 1, 1998
Creator: Koitz, David Stuart
Partner: UNT Libraries Government Documents Department
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Social Security Taxes: Where Do Surplus Taxes Go and How Are They Used?

Description: The costs of the Social Security program, both its benefits and administrative expenses, are financed by a tax on wages and self-employment income. Commonly referred to as FICA and SECA taxes (because they are levied under the Federal Insurance and Self-Employment Contributions Acts), these taxes flow each day into thousands of depository accounts maintained by the government with financial institutions across the country. Along with many other forms of revenues, these Social Security taxes bec… more
Date: April 29, 1998
Creator: Koitz, David Stuart
Partner: UNT Libraries Government Documents Department
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Social Security: Raising the Retirement Age Background and Issues

Description: The Social Security “full retirement age” — the age at which retired workers, aged spouses, or surviving aged spouses receive benefits that are not reduced for “early” retirement — will gradually rise from 65 to 67 beginning with people who attain age 62 in 2000 (i.e., those born in 1938). Early retirement benefits will still be available beginning at age 62 (age 60 for aged widows and widowers), but at lower levels. This report discusses bills introduced in the last four Congresses that would,… more
Date: June 7, 2000
Creator: Kollmann, Geoffrey
Partner: UNT Libraries Government Documents Department
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Social Security: The Relationship of Taxes and Benefits for Past, Present, and Future Retirees

Description: In recent years considerable public attention has focused on Social Security's treatment of younger versus older workers. Analysts sometimes have addressed this issue by examining the value Social Security provides each generation of workers in relation to the Social Security taxes they pay. These are referred to as "moneys worth" analyses.
Date: May 12, 1998
Creator: Kollmann, Geoffrey
Partner: UNT Libraries Government Documents Department
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Social Security's Treatment Under the Federal Budget: A Summary

Description: This report discusses the treatment of Social Security in the federal budget, which has become a major fiscal policy issue. Congressional views about what to do with budget surpluses are diverse—ranging from buying down the outstanding federal debt to cutting taxes to increasing spending. However, support for the proposition of “protecting” Social Security surpluses is substantial.
Date: September 21, 2000
Creator: Koitz, David S. & Nuschler, Dawn
Partner: UNT Libraries Government Documents Department
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The Financial Outlook for Social Security and Medicare

Description: The 2001 annual reports of the board of trustees of the Social Security and Medicare trust funds were released on March 19, 2001. Both programs have benefitted from an improved economic outlook in the near term, but both continue to have projected long-range problems. Insolvency for the Disability Insurance (DI) part of Social Security is projected to occur in 2026, and for the retirement and survivors part, in 2040.
Date: March 19, 2001
Creator: Koitz, David Stuart & Kollmann, Geoffrey
Partner: UNT Libraries Government Documents Department
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The Financial Outlook for Social Security and Medicare

Description: This report provides an overview of the financial outlook for Social Security and Medicare programs.
Date: May 7, 1998
Creator: Koitz, David Stuart & Kollmann, Geoffrey
Partner: UNT Libraries Government Documents Department
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The Financial Outlook for Social Security and Medicare

Description: This report provides an overview of the financial outlook for Social Security and Medicare programs.
Date: March 27, 2002
Creator: Kollmann, Geoffrey & Nuschler, Dawn
Partner: UNT Libraries Government Documents Department
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The Financial Outlook for Social Security and Medicare

Description: This report provides the financial outlook for Social Security and Medicare programs.
Date: April 28, 2003
Creator: Kollmann, Geoffrey & Nuschler, Dawn
Partner: UNT Libraries Government Documents Department
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