371B pensions and social security

371B pensions and social security - Retirement Insurance...

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Retirement Insurance Public Pensions and Social Security Monday, May 2, 2011
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Limiting Debt Debt Ceiling Debt Limits Balanced Budget Amendment Starve the Beast Monday, May 2, 2011
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Monday, May 2, 2011
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Social Security Funded by payroll taxes Indexed to earnings Eligibility starting at age 62 (today) Monday, May 2, 2011
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Aging Population Could policy change this trend? Monday, May 2, 2011
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Social Security Projection Monday, May 2, 2011
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Social Security Trust Fund Monday, May 2, 2011
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Timeline Currently, expenditures exceed revenues Back in the black in 2012 Back in the red in 2014 Trust fund depleted in 2037, beneFts cut in 2040 Monday, May 2, 2011
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Social Security Monday, May 2, 2011
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Change Payroll Tax Increase Tax Rate Increase Cap on Wages Monday, May 2, 2011
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Monday, May 2, 2011
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Change Beneft Formula Reduction to initial benefts Reduction to continuing benefts Reductions to benefts For top earners Monday, May 2, 2011
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Monday, May 2, 2011
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Raise Retirement Age Raise Full Retirement Age to 68 or 70 Monday, May 2, 2011
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This note was uploaded on 06/13/2011 for the course POLI 371 taught by Professor Moule during the Spring '11 term at South Carolina.

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371B pensions and social security - Retirement Insurance...

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