Tag: U.S. Social Security Administration
The brief’s key findings are: The 2010 Trustees Report had no surprises – Social Security still faces a modest deficit of 2 percent of payroll, which is newsworthy given the economic crisis. The recession has had some shorter-term effects: prices are still below their 2008 levels, so beneficiaries are not expected to receive a COLA…
Introduction Today, the retirement income system — comprising Social Security and employer-sponsored pension plans — is contracting. To compensate, people need to work longer to ensure an adequate income over many years throughout retirement. A few additional years in the labor force can make a big difference. Working longer directly increases current income; it avoids…