Proposals to Achieve Sustainable Solvency, with Or Without Personal Accounts: Hearing Before the Committee on Finance, United States Senate, One Hundred Ninth Congress, First Session, April 26, 2005, Opseg 4U.S. Government Printing Office, 2005 - Broj stranica: 268 |
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Actuary African American Americans annuity assets average benefit cuts benefit reductions borrowing budget Cato Institute Chairman changes Committee Congress contributions cost current law current system debt deficit disabled workers dollars earnings economic employees ENTMACHER February 11 Federal spending FERRARA Financial Effects financing future going guarantee increase index funds individual accounts investment IRAs long-term Medicare Memorandum from Stephen OASDI ORSZAG participate PAYGO payroll taxes personal accounts personal savings Peter Ferrara Peter Orszag Pozen President President's private accounts problem progressive indexing progressive price indexing projected proposal rate of return recognition bond reduce retirement benefits retirement income revenue risk Robert Pozen Ryan-Sununu bill Sam Johnson Security trust fund Senator BAUCUS Senator LOTT Senator SANTORUM Social Security Administration Social Security benefits Social Security reform Social Security system Social Security trust Social Security's survivors sustainable solvency Tanner Thrift Savings Plan traditional Social Security transition trillion
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Stranica 10 - Mr. Chairman and members of the committee, I very much appreciate the opportunity to appear before you today In support of four public works projects in my district, the 13th Congressional District of Ohio.
Stranica 151 - They do not consist of real economic assets that can be drawn down in the future to fund benefits. Instead, they are claims on the Treasury that, when redeemed, will have to be financed by raising taxes, borrowing from the public, or reducing benefits or other expenditures. The existence of large trust fund balances, therefore, does not, by itself, have any impact on the government's ability to pay benefits.
Stranica 3 - We can never insure one hundred percent of the population against one hundred percent of the hazards and vicissitudes of life, but we have tried to frame a law which will give some measure of protection to the average citizen and to his family against the loss of a job and against poverty-ridden old age.
Stranica 128 - Testimony before the Subcommittee on Social Security of the House Committee on Ways and Means, Hearing on Social Security and Pension Reform: Lessons from Other Countries, July 31, 2001.
Stranica 163 - To engraft upon the Social Security system a concept of 'accrued property rights' would deprive it of the flexibility and boldness in adjustment to ever-changing conditions which it demands.
Stranica 86 - Components of the Reform Plan Last summer, I authored a study published by the Institute for Policy Innovation which proposed a progressive personal account option for Social Security.' The main components of the reform plan are as follows: • Out of the 12.4% Social Security payroll tax, workers would be free to choose to shift to personally owned, individual accounts, 10 percentage points on the first $10,000 in wages each year, and 5 percentage points on all wages above that to the maximum Social...
Stranica 214 - These balances are available to finance future benefit payments and other trust fund expenditures — but only in a bookkeeping sense. * * * They do not consist of real economic assets that can be drawn down in the future to fund benefits.
Stranica 171 - Executive Office of the President of the United States. Budget of the United State Government, fiscal Year 1992. Washington, DC: US Government Printing Office, 1991. "Real Estate Investment Trusts," Internal Revenue Code, Section 856.
Stranica 107 - The Effects of 401(k) Plans on Household Wealth: Differences Across Earnings Groups,
Stranica 151 - Clinton's fiscal year 2000 budget explained: "[Trust fund] balances are available to finance future benefit payments . . . but only in a bookkeeping sense. . . . They do not consist of real economic assets that can be drawn down in the future to fund benefits.