Trust funds (21 - 29 of 29 items)
Social Security: Rising Disability Rolls Raise Questions That Must Be Answered
T-HRD-93-15: Published: Apr 22, 1993. Publicly Released: Apr 22, 1993.
GAO discussed the status of the Social Security Disability Insurance (DI) Trust Fund. GAO noted that: (1) the rate at which insured persons apply for benefits has grown since 1989, and almost half of DI applicants receive benefits; (2) the program has evolved so that new beneficiaries are younger, suffer from mental impairments and receive Supplemental Security Income to supplement their DI benefi...
Social Security: Reconciliation Improved SSA Earnings Records, but Efforts Were Incomplete
HRD-92-81: Published: Sep 1, 1992. Publicly Released: Oct 14, 1992.
Pursuant to a congressional request, GAO reviewed the efforts of the Social Security Administration (SSA) and the Internal Revenue Service (IRS) to correct accuracy problems in SSA earnings records, focusing on: (1) SSA and IRS actions under their memorandum of understanding (MOU) and their adequacy; (2) whether SSA and IRS have met their MOU commitments; (3) the outcome of the reconciliation effo...
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...
The Question of Rolling Back the Payroll Tax: Unmasking the Deficit Illusion
T-HRD-90-10: Published: Feb 5, 1990. Publicly Released: Feb 5, 1990.
GAO discussed a congressional proposal to decrease the Social Security payroll tax. GAO noted that: (1) the use of Social Security surpluses to decrease the federal budget deficit masks the fundamental budget deficit problem and encourages avoidance of difficult fiscal choices needed to reduce the general fund deficit; (2) the congressional proposal would not decrease Social Security benefits; (3)...
Social Security Funds: Additional Measures Could More Fully Indicate the System's Financial Condition
PEMD-88-11: Published: Feb 5, 1988. Publicly Released: Feb 5, 1988.
GAO developed actuarial measures that the Social Security Administration (SSA) could use to document the financial condition of the combined Old-Age Survivors and Disability Insurance (OASDI) Trust Fund.GAO found that: (1) the 1987 SSA trustees' report to Congress indicated that the OASDI Trust Fund was in close actuarial balance, since expenditures were within 5 percent of income averaged over th...
Social Security: Past Projections and Future Financing Concerns
HRD-86-22: Published: Mar 11, 1986. Publicly Released: Mar 11, 1986.
Pursuant to a congressional request, GAO reviewed the past and current projections for the Old Age and Survivors Insurance (OASI) trust fund, specifically the important assumptions underlying the revenue and spending projections that determine the trust fund balance.GAO found that: (1) through 1982, projections of the OASI trust fund balance have been inaccurate, because the inability to foresee e...
Recommendations of National Commission on Social Security Reform
120701: Feb 18, 1983
Testimony was given concerning the recommendations of the National Commission on Social Security Reform for resolving the short- and long-range problems of the social security trust funds. The Commission suggested options which it believes will resolve the entire short-term deficit and about two-thirds of the long-term deficit. GAO recognized that, if economic conditions prove to be less favorable...
Reissuing Tamper-Resistant Cards Will Not Eliminate Misuse of Social Security Numbers
HRD-81-20: Published: Dec 23, 1980. Publicly Released: Jan 5, 1981.
The social security number (SSN) has become a widespread means of identification in the United States. As its use as an identifier has grown, so has the opportunity for its misuse, often to fraudulently obtain employment or monetary benefits. GAO reported on whether there is a need for redesigning and reissuing tamper-resistant social security cards to prevent misuse of the card, and the appropria...
Social Security Student Benefits for Postsecondary Students Should Be Discontinued
HRD-79-108: Published: Aug 30, 1979. Publicly Released: Aug 30, 1979.
A review was made of the student benefit program to see if it is an unnecessary burden upon the overall Social Security system, and thus upon taxpayers supporting the system. The following major Office of Education programs comprise the student benefit program in Social Security: Basic Educational Opportunity Grant, Guaranteed Student Loan, National Direct Student Loan, College Work-Study, Supplem...