Social Security Reform:
Evaluation of the Nick Smith Proposal
AIMD/HEHS-00-102R: Published: Feb 29, 2000. Publicly Released: Feb 29, 2000.
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Pursuant to a congressional request, GAO analyzed the potential budgetary and economic effects of Nick Smith's proposal to reform Social Security.
GAO noted that: (1) GAO's assessment of Nick Smith's proposal is based on the analytic framework GAO provided to Congress last March, which consists of three basic criteria: (a) the extent to which the proposal achieves sustained solvency and how it would affect the economy and the federal budget; (b) the balance struck between the twin goals of income adequacy and individual equity; and (c) how readily such changes could be implemented, administered, and explained to the public; (2) as requested, GAO used its long-term economic model in evaluating the proposal against the first criterion, that of financing sustainable solvency; (3) specifically, GAO used this model to simulate the potential fiscal and economic impacts of the proposal over a 75-year projection period; (4) in simulating the reform proposal, GAO used the income and cost estimates prepared by the Office of the Actuary at the Social Security Administration, and GAO adapted the model as appropriate to reflect specific reform proposal provisions; (5) as requested, GAO's simulation results also compare the proposal with alternative fiscal policy paths developed in GAO's prior model work; and (6) in order to permit comparison with other reform plans discussed in GAO's issued work, the long-term simulations presented in this report are based on the economic and budget assumptions contained in the Congressional Budget Office's July 1999 baseline.
Feb 24, 2021
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Financial Services:
Fair Lending, Access, and Retirement SecurityGAO-21-399T: Published: Feb 24, 2021. Publicly Released: Feb 24, 2021.
Jan 19, 2021
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Elder Justice:
HHS Could Do More to Encourage State Reporting on the Costs of Financial ExploitationGAO-21-90: Published: Dec 18, 2020. Publicly Released: Jan 19, 2021.
Oct 30, 2020
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Retirement Security:
Other Countries' Experiences with Caregiver PoliciesGAO-20-623: Published: Sep 30, 2020. Publicly Released: Oct 30, 2020.
Sep 24, 2020
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Retirement Security:
Older Women Report Facing a Financially Uncertain FutureGAO-20-718T: Published: Sep 24, 2020. Publicly Released: Sep 24, 2020.
Aug 28, 2020
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Retirement Security:
DOL Could Better Inform Divorcing Parties About Dividing SavingsGAO-20-541: Published: Jul 31, 2020. Publicly Released: Aug 28, 2020.
Aug 13, 2020
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Retirement Security:
Older Women Report Facing a Financially Uncertain FutureGAO-20-435: Published: Jul 14, 2020. Publicly Released: Aug 13, 2020.
Jun 16, 2020
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Retirement Security:
BLS Should Explore Ways to Improve the Accuracy, Timeliness, and Relevance of Its Cost-of-Living MeasurementsGAO-20-422: Published: Jun 16, 2020. Publicly Released: Jun 16, 2020.
Feb 27, 2020
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Private Pensions:
IRS and DOL Should Strengthen Oversight of Executive Retirement PlansGAO-20-70: Published: Jan 28, 2020. Publicly Released: Feb 27, 2020.
Jan 9, 2020
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Social Security Disability:
Action Needed to Help Agency Staff Understand and Follow Policies Related to Prescription Opioid MisuseGAO-20-120: Published: Jan 9, 2020. Publicly Released: Jan 9, 2020.
Dec 18, 2019
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Capitol Police:
Potential Effects of Raising the Mandatory Retirement AgeGAO-20-137R: Published: Dec 18, 2019. Publicly Released: Dec 18, 2019.
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