Achieving a better distribution of Social Security benefits - Center for Retirement Research at Boston College
In the continuing discussion of the best way to solve Social Security’s financial shortfall, Alicia H. Munnell argues that a key goal should be achieving a more equitable distribution of benefits, not just closing the funding gap. To judge fairness, a basic measure is the replacement rate of pre-retirement earnings. Currently, at age 65, medium-earning workers receive a replacement rate of 36 percent, with lower earners receiving a higher percentage and higher-paid workers receiving a lower percentage. Alicia H. Munnell, senior advisor at the Center for Retirement Research at Boston College, discusses the challenge of assembling a solvency package for Social Security that addresses a structure currently skewed toward higher earners. Read Ms. Munnell’s column here…
AMAC is resolute in its mission to preserve Social Security for current and future generations and has drawn the attention of lawmakers in D.C., meeting with many congressional offices and staff over the past decade. Most recently, the proposed legislative framework has been reviewed with officials at the Social Security Administration. For more information on the AMAC proposal, read the “AMAC Social Security Guarantee” document on their website.
The first link provided above connects readers to the full content of the posted article. The URL (Internet address) for this link is valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or socialsecurityreport.org.