Strengthening Social Security for the Long Run: Insights from 1983
Register Now – Space is Limited
Wednesday, November 10, 2010
10:00 – 11:30 am
B-318 Rayburn House Office Building
In policy discussions about the long-term financing of Social Security, reforms enacted in 1983 are often held up as a model of balanced political compromise. But that is not exactly what happened. Only the short-term reforms, aimed at getting the program safely through the 1980s, contained a mix of changes that affected Social Security contributors and beneficiaries more or less evenly. The piece Congress added to address the remaining long-term shortfall was not a compromise. It was solely a benefit cut that is still being phased in today.
As the president's fiscal commission nears its reporting deadline, the National Academy of Social Insurance (NASI) is releasing a new policy brief, Strengthening Social Security for the Long Run.
Moderator: Lisa Mensah, NASI Chair and Executive Director of the Aspen Institute Initiative on Financial Security
Speakers: Janice Gregory, NASI President and Social Security Subcommittee staff, 1983
Virginia Reno, NASI VP for Income Security and Greenspan Commission staff
Discussant: Wendell Primus, Policy advisor to House Speaker Nancy Pelosi and chief economist for the Committee on Ways and Means, 1983
· What happened in 1983?
· Why the growing concern about the inadequacy of Social Security going forward?
· Can we afford Social Security in the future? What do Americans say they want?
· How might we improve benefit adequacy at an affordable cost?
· How might we design a 75-year financing plan?
NASI's new brief, Strengthening Social Security for the Long Run, will be available as will copies of Bob Ball's memoir, The Greenspan Commission: What Really Happened, edited by Tom Bethell.
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