Social Security Bulletin, Vol. 64 No. 2
Some Social Security reform proposals, such as two of the three offered by the President's Commission to Strengthen Social Security, would modify and strengthen Social Security's special minimum benefit provision, which is intended to enhance benefits for low earners and is phasing out under current law. In order to inform policymakers as they continue to deliberate the provision's future, this article presents the most recent and comprehensive history and analysis available about the special minimum benefit.
This article presents the Supplemental Security Income (SSI) Financial Eligibility Model developed in the Division of Policy Evaluation of the Office of Research, Evaluation, and Statistics. Focusing on the elderly, the article simulates five potential changes to the SSI eligibility criteria and presents the effects of those simulations on SSI participation, federal benefits, and poverty among the elderly. Finally, the article discusses future directions for research and potential improvements to the model.
This article examines the experience of the Canada Pension Plan (CPP) in investing its surplus funds in equities. The CPP investment policy is viewed by some experts as a possible model for increasing the investment income of Social Security. The article discusses the key features of this policy, its implementation, and results to date.
Calculations of the median voter's return from "investing" in Social Security suggest that for a majority of voters the U.S. Social Security system provides higher ex-post, or actual, returns than alternative assets.
This article analyzes the relationship between retirement and wealth. Using data from the first four waves of the longitudinal Health and Retirement Study—a cohort of individuals born from 1931 to 1941—we estimate reduced-form retirement and wealth equations. Our results show that those who retire earlier do not necessarily save more and that even if one's primary interest is in the relationship between Social Security policy and the decision to retire, it is important to incorporate saving behavior and other key decisions into the analysis.
This article summarizes recent trends in employer sponsorship of retirement plans and employee participation in those plans. It is based on data collected in surveys of employers conducted by the U.S. Department of Labor's Bureau of Labor Statistics and surveys of households conducted by the U.S. Census Bureau.