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Social Security Reform: Administrative Costs for Individual Accounts Depend on System Design

HEHS-99-131 Published: Jun 18, 1999. Publicly Released: Jul 16, 1999.
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Highlights

Pursuant to a congressional request, GAO reviewed the costs of administering individual social security accounts and their effect on account accumulations and benefits, focusing on: (1) the factors that influence administrative costs; (2) the estimates that are available for administrative costs associated with individual accounts; and (3) how administrative costs might affect the accumulation of savings in individual accounts and the retirement benefits they provide.

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Administrative costsCost analysisCost controlFederal social security programsInvestment planningRetirement benefitsSocial security benefitsFederal employees retirement systemGovernment retirement benefitsSystems design