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

Koitz, David ; Kollmann, Geoffrey ; Nuschler, Dawn

Library of Congress. Congressional Research Service.

关键词: Social security;    Social security finance;    Social security beneficiaries;   

RP-ID  :  RL31086
RP-ID  :  RL31086_2001Aug20

美国|英语

来源: UNT Digital Library

【 摘 要 】

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.