Chapter
The Social Security Trust Fund and the Level of Federal Debt
The Social Security Trust Fund and Federal Default
The Social Security Trust Fund and Benefit Payments
Chapter 2 SOCIAL SECURITY: TRUST FUND INVESTMENT PRACTICES
Chapter 3 SOCIAL SECURITY, SAVING, AND THE ECONOMY
EXPLAINING HOUSEHOLD SAVING
Recent Trends in Household Saving
SOCIAL SECURITY AND HOUSEHOLD SAVING
SAVING AND SOCIAL SECURITY REFORM
Fully Funded vs. Pay As You Go
Defined Benefit vs. Defined Contribution
Investing the Trust Fund in Private Securities
Chapter 4 SOCIAL SECURITY RETIREMENT EARNINGS TEST: HOW EARNINGS AFFECT BENEFITS
Social Security Worker and Auxiliary Benefits
The RET Applies to Beneficiaries below the Social Security Full Retirement Age
The RET Reduces Social Security Benefits
The RET May Affect Social Security Benefits Received by Spouses, Survivors and Other Dependents
Dually Entitled Beneficiaries
BENEFITS WITHHELD UNDER THE RET ARE RESTORED STARTING AT FRA
WORKER BENEFICIARIES WITH EARNINGS IN 2006
APPLICATION OF THE RETIREMENT EARNINGS TEST
The RET and Work Incentives
The RET and Incentives to Claim Social Security Benefits
The RET, Retirement Security and Early Benefit Claims
FINANCIAL EFFECT OF REPEALING THE RET ON THE SOCIAL SECURITY TRUST FUND
APPENDIX A. COMPUTATION OF THE SOCIAL SECURITY RETIRED-WORKER BENEFIT
Adjustment to Benefits Claimed before or after FRA
APPENDIX B. SOCIAL SECURITY AUXILIARY BENEFITS (BENEFITS FOR THE WORKER’S FAMILY MEMBERS)
Maximum Family Benefit Amount
APPENDIX C. ANNUAL EXEMPT AMOUNTS UNDER THE SOCIAL SECURITY RETIREMENT EARNINGS TEST, CALENDAR YEARS 2000-2010
Chapter 5 SOCIAL SECURITY: RAISING OR ELIMINATING THE TAXABLE EARNINGS BASE
Origin and History of the Taxable Earnings Base
THE TAXABLE EARNINGS BASE
The Taxable Earnings Base Today
The Taxable Earnings Base over Time
The Taxable Earnings Base by State
The Taxable Earnings Base by Employment Status and Gender
The Future of the Taxable Earnings Base
Projections of the Share of the Population Earning above the Taxable Wage Base over Their Lifetime
IMPACT OF RAISING OR ELIMINATING THE TAXABLE EARNINGS BASE
Impact on Individuals’ Lifetime Payroll Taxes and Social Security Benefits if the Taxable Wage Base Were Eliminated
Impact on the Social Security Trust Funds
Option 1: Cover 90% of Earnings and Pay Higher Benefits
Option 2: Cover All Earnings and Pay Higher Benefits
Option 3: Cover All Earnings and Pay No Additional Benefits
Impact on Federal Revenue
Impact on Workers’ and Employers’ Behavior
LEGISLATION IN THE 111TH CONGRESS
ARGUMENTS FOR AND AGAINST RAISING OR ELIMINATING THE BASE
APPENDIX. TAXABLE EARNINGS BASES AND WORKER INCOME: DETAILED TABLES
Chapter 6 INCREASING THE SOCIAL SECURITY PAYROLL TAX BASE: OPTIONS AND EFFECTS ON TAX BURDENS
TAXABLE AND COVERED EARNINGS
THE DISTRIBUTION OF TAX BURDENS
BEHAVIORAL EFFECTS OF TAX CHANGES
Chapter 7 SOCIAL SECURITY: CALCULATION AND HISTORY OF TAXING BENEFITS
CALCULATION OF TAXABLE SOCIAL SECURITY BENEFITS
Impact of Taxing Social Security Benefits
Impact on the Trust Funds
HISTORY OF TAXING SOCIAL SECURITY BENEFITS
APPENDIX. SPECIAL CONSIDERATIONS UNDER TAXATION OF BENEFITS
Coordination of Workers Compensation
Treatment of Nonresident Aliens
Chapter 8 THE IMPACT OF MEDICARE PREMIUMS ON SOCIAL SECURITY BENEFICIARIES
Annual Cost-of-Living Adjustment
Medicare Advantage (Part C)
MEDICARE PREMIUM SUBSIDIES FOR LOW-INCOME BENEFICIARIES
HOLD HARMLESS PROVISION FOR MEDICARE PART B PREMIUMS
No Social Security COLA Scenario
GROWTH IN SOCIAL SECURITY BENEFITS AND MEDICARE PART B PREMIUMS FROM 2001 TO 2010
Historical Benefit Thresholds for the Hold Harmless Provision
IMPACT OF MEDICARE PREMIUMS ON SOCIAL SECURITY BENEFICIARIES
Impact on the Cohort that Retired in 2000
Impact on Initial Benefits of Cohorts Retiring in Each Year from 2010 to 2078
WHY THE TRUSTEES’ PROJECTIONS OF MEDICARE PART B PREMIUMS MAY BE TOO LOW
LEGISLATION IN THE 111TH CONGRESS