Retirement benefits (31 - 40 of 48 items)
SSA Benefit Estimate Statement: Adding Rate of Return Information May Not Be Appropriate
HEHS-98-228: Published: Sep 2, 1998. Publicly Released: Sep 2, 1998.
Pursuant to a congressional request, GAO reviewed the recent proposal that would require the Social Security Administration (SSA) to place on the Personal Earnings and Benefit Estimate Statements (PEBES) an individualized estimate of the rates of return workers receive on their contributions to the Social Security program, focusing on the: (1) general implications of using a rate of return for soc...
Social Security: Different Approaches for Addressing Program Solvency
HEHS-98-33: Published: Jul 22, 1998. Publicly Released: Aug 21, 1998.
Pursuant to a congressional request, GAO provided information on issues related to social security financing, focusing on: (1) the various perspectives that underlie the current solvency debate; (2) the reform options within the current program structure; (3) the issues that might arise if social security were restructured to include individual retirement accounts; and (4) the likely impacts on na...
Social Security: Restoring Long-Term Solvency Will Require Difficult Choices
T-HEHS-98-95: Published: Feb 10, 1998. Publicly Released: Feb 10, 1998.
Pursuant to a congressional request, GAO discussed the goals of the social security program and the difficult choices that restoring its long-term solvency will require, focusing on: (1) balancing income adequacy and individual equity; (2) determining who bears risks and responsibilities; (3) choosing among various benefit reductions and revenue increases; (4) using pay-as-you-go or advance fundin...
Social Security Reform: Demographic Trends Underlie Long-Term Financing Shortage
T-HEHS-98-43: Published: Nov 20, 1997. Publicly Released: Nov 20, 1997.
GAO discussed: (1) the demographic trends contributing to the social security financing problem; (2) when the problem will begin to confront the federal government; (3) the alternatives for addressing the problem; and (4) the implications of these alternatives.GAO noted that: (1) increasing life expectancy and declining fertility rates pose serious challenges not just for the social security syste...
Social Security Reform: Implications for the Financial Well-Being of Women
T-HEHS-97-112: Published: Apr 10, 1997. Publicly Released: Apr 10, 1997.
GAO discussed the impacts of proposals to finance and restructure the Social Security system, specifically the impacts on the financial well-being of women.GAO noted that: (1) its work shows that, despite the provisions of the Social Security Act that do not differentiate between men and women, women tend to receive lower benefits than men; (2) this is due primarily to differences in lifetime earn...
SSA Benefit Statements: Well Received by the Public But Difficult to Comprehend
HEHS-97-19: Published: Dec 5, 1996. Publicly Released: Dec 5, 1996.
Pursuant to a congressional request, GAO reviewed the Social Security Administration's (SSA) overall progress in issuing the Personal Earnings and Benefits Estimate Statement (PEBES), focusing on: (1) whether the PEBES benefit estimates are reasonable; (2) what SSA has done to improve the statement; (3) the extent to which the statement communicates its goals and information clearly; (4) SSA plans...
SSA Benefit Statements: Statements Are Well Received by the Public but Difficult to Comprehend
T-HEHS-96-210: Published: Sep 12, 1996. Publicly Released: Sep 12, 1996.
GAO discussed the Social Security Administration's (SSA) Personal Earnings and Benefit Estimate Statement (PEBES). GAO noted that: (1) the public has reacted favorably to unsolicited PEBES, and SSA has improved the statement in response to public feedback; (2) the public generally feels that the statement is a valuable tool for retirement planning, but the statement does not clearly convey its pur...
Social Security: GAO's Analysis of the Notch Issue
T-HEHS-94-236: Published: Sep 16, 1994. Publicly Released: Sep 16, 1994.
GAO discussed the differences in Social Security benefits for retirees with similar work histories. GAO noted that: (1) retirees in the notch group who claim an inequity are comparing themselves to a group of retirees that receive benefits based on an overgenerous formula; (2) proposed legislative remedies for providing additional benefits to the notch group will be costly; (3) further diminishing...
Social Security Retirement Accounts
HEHS-94-226R: Published: Aug 12, 1994. Publicly Released: Sep 12, 1994.
Pursuant to a congressional request, GAO reviewed proposed legislation to create a system of individual Social Security retirement accounts (ISSRA), focusing on the: (1) implications of H.R. 306 on the retirement income of individuals; and (2) key differences between H.R. 306 and the 1990 proposal. GAO noted that: (1) ISSRA could be integrated with the Social Security benefit structure and, given...
Social Security: Analysis of a Proposal to Privatize Trust Fund Reserves
HRD-91-22: Published: Dec 12, 1990. Publicly Released: Jan 11, 1991.
Pursuant to a congressional request, GAO reviewed a congressional proposal to create a new system of Individual Social Security Retirement Accounts (ISSRA), in which workers could place accumulated social security reserves for private-sector investment.GAO found that: (1) the proposal's effect on national saving was unclear; (2) ISSRA could be integrated with the existing progressive benefit struc...