Social security : background, issues and proposals / editor, Jacob T. Alvarez.

Format:

Book

Contributor:

Álvarez, Jacob T.

Series:

Social Issues, Justice and Status

Social issues, justice and status

Language:

English

Subjects (All):

Social security--United States.

Social security.

Insurance--United States.

Insurance.

Physical Description:

1 online resource (174 p.)

Edition:

1st ed.

Place of Publication:

New York : Nova Science Publishers, c2011.

Language Note:

English

Summary:

The Social Security program pays benefits to retired and disabled workers and their family members, and to family members of deceased workers. The Social Security program is financed primarily through payroll taxes that are deposited in the U.S. Treasury and credited to the Social Security trust fund. Any revenues credited to the trust fund in excess of program costs (benefit payments and administrative expenses) are invested in special U.S. government obligations (debt instruments of the U.S. government). This book examines the basics of how the Social Security program is funded and how the Social Security trust fund works.

Contents:

""SOCIAL SECURITY: BACKGROUND, ISSUES AND PROPOSALS""; ""SOCIAL SECURITY: BACKGROUND, ISSUES AND PROPOSALS ""; ""CONTENTS ""; ""PREFACE ""; ""SOCIAL SECURITY: THE TRUST FUND ""; ""SUMMARY ""; ""INTRODUCTION ""; ""HOW THE SOCIAL SECURITY PROGRAM IS FINANCED ""; ""THE SOCIAL SECURITY TRUST FUND AS A DESIGNATED ACCOUNT ""; ""Social Security Trust Fund Revenues ""; ""Social Security Trust Fund Costs ""; ""Social Security Trust Fund Operations""; ""Investment of the Social Security Trust Fund ""; ""The Social Security Trust Fund and the Federal Budget ""; ""On-Budget versus Off-Budget ""

""THE SOCIAL SECURITY TRUST FUND AS ACCUMULATED HOLDINGS """"The Social Security Trust Fund and the Level of Federal Debt ""; ""The Social Security Trust Fund and Federal Default ""; ""The Social Security Trust Fund and Benefit Payments ""; ""End Notes ""; ""SOCIAL SECURITY: TRUST FUND INVESTMENT PRACTICES ""; ""SUMMARY ""; ""BACKGROUND ""; ""ISSUES ""; ""End Notes""; ""SOCIAL SECURITY, SAVING, AND THE ECONOMY ""; ""SUMMARY ""; ""INTRODUCTION ""; ""SAVING AND THE ECONOMY ""; ""EXPLAINING HOUSEHOLD SAVING ""; ""Life Cycle Saving ""; ""Precautionary Saving ""

""Recent Trends in Household Saving""""SOCIAL SECURITY AND HOUSEHOLD SAVING ""; ""SAVING AND SOCIAL SECURITY REFORM ""; ""Fully Funded vs. Pay As You Go ""; ""Defined Benefit vs. Defined Contribution ""; ""Investing the Trust Fund in Private Securities ""; ""End Notes ""; ""SOCIAL SECURITY RETIREMENT EARNINGS TEST: HOW EARNINGS AFFECT BENEFITS ""; ""SUMMARY ""; ""INTRODUCTION ""; ""HISTORICAL BACKGROUND ""; ""CURRENT LAW ""; ""Social Security Worker and Auxiliary Benefits ""; ""The RET Applies to Beneficiaries below the Social Security Full Retirement Age ""

""The RET Reduces Social Security Benefits """"The RET Exempt Amounts""; ""Grace Year ""; ""The RET May Affect Social Security Benefits Received by Spouses, Survivors and Other Dependents""; ""Dually Entitled Beneficiaries ""; ""BENEFITS WITHHELD UNDER THE RET ARE RESTORED STARTING AT FRA ""; ""WORKER BENEFICIARIES WITH EARNINGS IN 2006 ""; ""APPLICATION OF THE RETIREMENT EARNINGS TEST ""; ""POLICY ISSUES ""; ""The RET and Work Incentives ""; ""The RET and Incentives to Claim Social Security Benefits ""; ""The RET, Retirement Security and Early Benefit Claims ""; ""Other Policy Issues ""

""FINANCIAL EFFECT OF REPEALING THE RET ON THE SOCIAL SECURITY TRUST FUND""""APPENDIX A. COMPUTATION OF THE SOCIAL SECURITY RETIRED-WORKER BENEFIT ""; ""Adjustment to Benefits Claimed before or after FRA ""; ""APPENDIX B. SOCIAL SECURITY AUXILIARY BENEFITS (BENEFITS FOR THE WORKER�S FAMILY MEMBERS) ""; ""Maximum Family Benefit Amount ""; ""APPENDIX C. ANNUAL EXEMPT AMOUNTS UNDER THE SOCIAL SECURITY RETIREMENT EARNINGS TEST, CALENDAR YEARS 2000-2010""; ""End Notes ""; ""SOCIAL SECURITY: RAISING OR ELIMINATING THE TAXABLE EARNINGS BASE""; ""SUMMARY""; ""BACKGROUND ""

""Origin and History of the Taxable Earnings Base ""

Notes:

Includes index.

Description based on print version record.

ISBN:

1-61761-633-8

OCLC:

923654444