Social security benefits (31 - 40 of 257 items)
Retirement Security: Women Face Challenges in Ensuring Financial Security in Retirement
GAO-08-105: Published: Oct 11, 2007. Publicly Released: Oct 11, 2007.
Women aged 65 and over will account for a growing segment of the U.S. population over the next several decades. Despite increases in women's workforce behavior in the past 65 years, elderly women have persistently high rates of poverty. Thus, it is important to understand the differences between men's and women's retirement income, and how women may fare given future reforms to Social Security and...
Retirement Decisions: Federal Policies Offer Mixed Signals about When to Retire
GAO-07-753: Published: Jul 11, 2007. Publicly Released: Jul 11, 2007.
While many factors influence workers' decisions to retire, Social Security, Medicare, and pension laws also play a role, offering incentives to retire earlier and later. Identifying these incentives and how workers respond can help policy makers address the demographic challenges facing the nation. GAO assessed (1) the incentives federal policies provide about when to retire, (2) recent retirement...
Highlights of a GAO Forum: Engaging and Retaining Older Workers
GAO-07-438SP: Published: Feb 28, 2007. Publicly Released: Feb 28, 2007.
In the future, older Americans are expected to be a larger share of the U.S. population, live longer, and spend more years in retirement than previous generations, and by 2025 labor force growth is expected to be less than a fifth of what it is today. Without major increases in productivity or immigration, low labor force growth will ultimately lead to slower economic and federal revenue growth. T...
Social Security Reform: Implications of Different Indexing Choices
GAO-06-804: Published: Sep 14, 2006. Publicly Released: Sep 14, 2006.
The financing shortfall currently facing the Social Security program is significant. Without remedial action, program trust funds will be exhausted in 2040. Many recent reform proposals have included modifications of the indexing currently used in the Social Security program. Indexing is a way to link the growth of benefits and/or revenues to changes in an economic or demographic variable. Given t...
Social Security Administration: Additional Actions Needed to Prevent Improper Benefit Payments under Social Security Protection Act
GAO-06-196: Published: Apr 28, 2006. Publicly Released: May 30, 2006.
Continued high levels of unauthorized immigrant workers in the United States have fostered concerns about whether they should be eligible for Social Security benefits. Until recently, the Social Security Administration (SSA) allowed noncitizens to collect benefits, regardless of their work authorization status, provided that they met certain legal presence requirements. However, in March 2004, Con...
Social Security Administration: Procedures for Issuing Numbers and Benefits to the Foreign-Born
GAO-06-253T: Published: Mar 2, 2006. Publicly Released: Mar 2, 2006.
In 2004, an estimated 35.7 million foreign-born people resided in the United States, and many legitimately have SSNs. Many of these individuals have Social Security numbers (SSNs) which can have a key role in verifying authorization to work in the United States. However, some foreign-born individuals have been given SSNs inappropriately. Recent legislation, aimed at protecting the SSN and preventi...
Social Security Reform: Other Countries' Experiences Provide Lessons for the United States
GAO-06-126: Published: Oct 21, 2005. Publicly Released: Oct 21, 2005.
Many countries, including the United States, are grappling with demographic change and its effect on their national pension systems. With rising longevity and declining birthrates, the number of workers for each retiree is falling in most developed countries, straining the finances of national pension programs, particularly where contributions from current workers fund payments to current benefici...
Social Security Reform: Considerations for Individual Account Design
GAO-05-847T: Published: Jun 23, 2005. Publicly Released: Jun 23, 2005.
Social Security forms the foundation for our retirement income system, providing critical benefits to millions of Americans. However, the Social Security program is facing significant future financial challenges as a result of profound demographic changes. A wide variety of proposals to reform the program are currently being discussed, including restructuring the program to incorporate individual...
Social Security: Coverage of Public Employees and Implications for Reform
GAO-05-786T: Published: Jun 9, 2005. Publicly Released: Jun 9, 2005.
Social Security covers about 96 percent of all U.S. workers; the vast majority of the rest are state, local, and federal government employees. While these noncovered workers do not pay Social Security taxes on their government earnings, they may still be eligible for Social Security benefits. This poses difficult issues of fairness, and Social Security has provisions that attempt to address those...
Social Security: Societal Changes Add Challenges to Program Protections
GAO-05-706T: Published: May 17, 2005. Publicly Released: May 17, 2005.
Before Social Security was enacted in 1935, at least half of those 65 and older in the United States were financially dependent upon others, including family members and public assistance. Today, the elderly's dependency on public assistance has dropped to a fraction of its depression-era levels, and poverty rates among this group are now lower than for the population as a whole. However, Social S...