Tag: Social Security
Abstract Initially enacted in 1967, the Social Security disabled widow(er)s benefit provides permanently reduced cash benefits equal to 71 1/2 percent of the deceased spouse’s primary insurance amount (PIA) to approximately 195,000 disabled widows and 5,000 widowers ages 50 through 64. Among the most economically at risk beneficiaries, an estimated 37 percent have below-poverty incomes…
Abstract In December 2001 the President’s Commission to Strengthen Social Security published a report describing plans to reform Social Security through the introduction of new, privately managed, defined-contribution pension accounts. The new accounts are to be financed by diverting a portion of payroll taxes that are now used to finance pensions under the existing defined-benefit…
