tag:blogger.com,1999:blog-7334408760351487944.post5326674816473310740..comments2023-11-12T06:43:00.060-05:00Comments on Notes on Social Security Reform: How Not to Do Pension ReformAndrew G. Biggshttp://www.blogger.com/profile/16617460431856611873noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7334408760351487944.post-70596836307748201532010-02-22T08:17:19.456-05:002010-02-22T08:17:19.456-05:00If we were actually prefunding on an overall budge...If we were actually prefunding on an overall budget/economic basis, then it wouldn't matter. But an actuarial deficit of 0.19% over the next 25 years hides the fact of zero deficit or potentially small surpluses today against a deficit of almost 4% of payroll 25 years from now. But these offset each other only in Social Security's accounting; in real life, people 25 years from now will need to pony up an additional 4 percent of payroll, which is significant.Andrew G. Biggshttps://www.blogger.com/profile/16617460431856611873noreply@blogger.comtag:blogger.com,1999:blog-7334408760351487944.post-29263287829774474782010-02-21T23:07:31.503-05:002010-02-21T23:07:31.503-05:00Yes indeed.
But some of us look at the 25 year su...Yes indeed.<br /><br />But some of us look at the 25 year sub-periods and wonder what a 0.19% payroll gap over the first such 25 years makes it an absolute crisis?Bruce Webbhttps://www.blogger.com/profile/13222670342780912788noreply@blogger.com