Recent Proposals That Would Affect Social Security
Recent Proposals That Would Affect Trust Fund Solvency
The Trust Funds associated with Social Security (the Old-Age and Survivors Insurance [OASI] Trust Fund and the Disability Income [DI] Trust Fund) are monitored and reported on annually by the Social Security Board of Trustees. An excerpt from the most recent public report from the Board, “Neither Medicare nor Social Security can sustain projected long-run program costs in full under currently scheduled financing, and legislative changes are necessary to avoid disruptive consequences for beneficiaries and taxpayers” points to concerns regarding the long-term financial viability of these funds.
Various policymakers and external organizations have long recognized this impending funding problem, and have developed proposals to address corrective actions in a variety of ways. SSA tracks these proposals and provides memoranda on the actuarial impact of these proposals, presenting the material to the public via their website (www.ssa.gov). Projections and estimates are based on the intermediate assumptions made in the most recent Trustees Report available at the time the proposal was made.
The remainder of this section will summarize a collection of these proposals, beginning with the Social Security Guarantee legislative framework proposed by AMAC. For official proposals submitted to Congress, the material will identify the official name of the proposal and its sponsor(s).
Click on the links below to access the detail proposals…(Note: A list of acronyms used in the proposals is included as the last item in the list of links.)