Social Security Reform:

Implementation Issues for Individual Accounts

HEHS-99-122: Published: Jun 18, 1999. Publicly Released: Jun 18, 1999.

Additional Materials:


Cynthia Maher Fagnoni
(202) 512-7202


Office of Public Affairs
(202) 512-4800

Pursuant to a congressional request, GAO provided information on social security reform, focusing on issues to consider regarding the design and implementation of an individual account system.

GAO noted that: (1) the social security system is one of the nation's most important and visible programs; (2) while individual accounts offer the possibility of an improved rate of return on individual contributions, a flawed or failed system of individual accounts could have devastating effects on individuals' retirement security and on public confidence in government overall; (3) in this context, GAO believes that three critical questions would need to be addressed in designing and implementing a system of individual accounts: (a) who would assume new administrative and recordkeeping responsibilities; (b) how much choice individuals would have in selecting and controlling their investment options; and (c) how much flexibility workers would have when they retire and begin to draw on their accounts; and (4) all of the decisions made regarding these critical questions would affect the design and structure of such a system, as well as who would bear any additional administrative responsibilities and costs.

Oct 29, 2015

Oct 27, 2015

  • retirement icon, source: PhotoDisc

    Social Security's Future:

    Answers to Key Questions
    GAO-16-75SP: Published: Oct 27, 2015. Publicly Released: Oct 27, 2015.

Sep 30, 2015

Sep 29, 2015

Sep 4, 2015

Jun 15, 2015

Jun 2, 2015

May 1, 2015

Feb 26, 2015

Dec 22, 2014

Looking for more? Browse all our products here