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Social Security and the Federal Budget: What Does Social Security's Being "Off Budget" Mean?

Description: This report discusses social security and its place in the federal budget. As a result of a series of laws enacted in 1983, 1985 and 1990, Social Security is considered to be "off budget" for federal budget purposes. While the meaning of this might seem obvious--that Social Security is not to be considered as part of the federal budget--many people are confused by the continued use of aggregate budget figures that include Social Security's receipts and expenditures.
Date: July 20, 2000
Creator: Koitz, David S.
Partner: UNT Libraries Government Documents Department

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

Social Security Benefits Are Not Paid for the Month of Death: A Fact Sheet

Description: Social security benefits are not paid for the month in which a recipient dies. Legislation is routinely introduced that would either pay the full amount of the benefits for the month of death or pro-rate the benefits based on the proportion of the month that the recipient was alive.
Date: March 21, 2001
Creator: Koitz, David Stuart
Partner: UNT Libraries Government Documents Department

Social Security: What Happens to Future Benefit Levels Under Various Reform Options

Description: The report first examines several benefit-constraint options. Among them are raising the age at which full Social Security retirement benefits can be received, changing the way initial benefits are computed, and constraining cost-of-living adjustments (COLAs). It also illustrates the effects of creating new personal savings accounts and presents their projected impact as a supplement to, or partial replacement of, the existing system, or as a means to close the gap between the benefit levels promised by the existing system and what can be paid under its projected future income. Finally, because across-the-board cuts may be seen as too severe for several types of recipients, other options that would ameliorate their effects, including one that would raise revenue, are also illustrated.
Date: August 20, 2001
Creator: Koitz, David; Kollmann, Geoffrey & Nuschler, Dawn
Partner: UNT Libraries Government Documents Department

Social Security: Report of the President's Commission to Strengthen Social Security

Description: This report describes the Commission’s three reform plans. The first plan would make no other changes to the program. The second plan would slow the growth of Social Security through one major provision that would index initial benefits to prices rather than wages. The third plan would slow future program growth through a variety of measures.
Date: December 21, 2001
Creator: Nuschler, Dawn
Partner: UNT Libraries Government Documents Department

Social Security: Coverage of Household Workers - A Fact Sheet

Description: On October 22, 1994, President Clinton signed legislation (P.L. 103-387) that changes social security coverage of household workers. The new law changed the threshold to a yearly amount and raised it (to $1,000 in 1994, indexed thereafter to average wage growth-it became $1,100 in 1998, 1,200 in 2000, and 1,300 in 2001). It remains at $1,300 in 2002. In addition, the new law exempted most domestic workers under age 18, and provided that Social Security and unemployment taxes will be reported on the employer's annual federal tax return.
Date: January 3, 2002
Creator: Kollmann, Geoffrey
Partner: UNT Libraries Government Documents Department