Tag: Social Security
Introduction Some recent proposals to address Social Security’s financing shortfall have included an extension of coverage to the 5 million uncovered state and local workers. These proposals spark a predictable outcry from Massachusetts public employees and those in other affected states. This Issue in Brief analyzes the arguments for and against mandating Social Security coverag…
Introduction Social Security traditionally has operated on a pay-as-you-go basis — that is, current taxes pay for current benefits. The 1977 and 1983 Amendments to the Social Security Act provided for a temporary departure from this approach — with the buildup of a significant trust fund. Currently the Social Security trust funds hold $1.7 trillion…
