1995 Annual Report of the Social Security and Disability Trust Funds: Hearing Before the Subcommittee on Social Security and Family Policy of the Committee on Finance, United States Senate, One Hundred Fourth Congress, First Session, April 7, 1995, Volume 4U.S. Government Printing Office, 1995 - 62 pages |
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actuarial Advisory Council American balance BALLANTYNE believe beneficiaries billion bipartisan BOB DOLE Bob Kerrey BRARY budget Chairman changes CHATER cial CONG CONGRE CONGRESS TH CONGRESS THE LIBRARY Consumer Price Index DANIEL PATRICK MOYNIHAN deficit demographic Disability economic employee Entitlements Commission ESS THE LIBRARY estimates Finance Committee future GRES GRESS hearing income increase indexing Insurance Trust Fund investment issue JOHN BREAUX LIBRA LIBRARY OF CONGRESS long-range long-term Medicare program Medicare Trust Funds Moynihan OASDI OASI program Prepared statement private pension problem projections Public Trustees RARY retirement Ross Security and Medicare Security trust funds Senator BREAUX Senator CHAFEE Senator CONRAD Senator Kerrey Senator SIMPSON Social Security Administration Social Security program Social Security system Social Security trust subcommittee talking Thank thing tion Trust Fund Reports U.S. Senator WALKER སྙ
Popular passages
Page 58 - SSA and HCFA and others in and out of government to seek improvements in the projections. We have also stimulated thought through a symposium and publication of papers on how methods and assumptions might be improved to better estimate the future income and health care needs of the elderly and disabled. Action should be taken to continue and extend survey and other data development efforts and to improve modeling capability regarding the income and health circumstances of future retirees. Such information...
Page 56 - Trust funds — the old-age and survivors insurance trust fund, the disability insurance trust fund, the hospital insurance trust fund, and the supplementary medical insurance trust fund...
Page 57 - Six people serve on the Social Security and Medicare Boards of Trustees: the Secretary of the Treasury, the Secretary of Labor, the Secretary of Health and Human Services, the Commissioner of Social Security and two members (of different political parties) appointed by the President and confirmed by the Senate to represent the public.
Page 61 - Pediatrics, an organization of 55,000 primary care pediatricians, pediatric medical subspecialists and pediatric surgical specialists dedicated to the health, safety and wellbeing of infants, children, adolescents and young adults.
Page 59 - Also, incentives should be changed and the disability decision process improved in the interests of beneficiaries and taxpayers. We hope that this research will be completed promptly, fully presented to Congress and the public, and that the Congress will take action over the next few years to make this program financially stable over the long term. Medicare Program The most critical issues, however, relate to the Medicare program. Both the Hospital Insurance Trust Fund and the Supplementary Medical...
Page 57 - Ross and David M. Walker began four-year terms as Public Trustees on October 2, 1990, and completed their terms with issuance of the 1995 reports on April 3, 1995. In addition to their duties overseeing the trust funds, they have worked to increase public understanding and public confidence regarding Social Security and Medicare. STANFORD G. ROSS Stanford G. Ross is a Senior Partner in the law firm of Arnold & Porter in Washington, DC Mr. Ross dealt extensively with public policy issues while serving...
Page 56 - ... the reports, and in conceiving and instituting the increasingly popular Summary of the Annual Reports, including an annual "Message From the Public Trustees," as an important part of the reporting process. We also testified before congressional committees and other governmental commissions, and gave speeches and briefings to congressional staffs and other interested parties. Our goal in these activities has been to enhance understanding of the current and projected financial condition of the...
Page 37 - ... 2012 through 2018. Thereafter, in addition to current tax income and current interest income, a portion of the principal (ie, combined OASDI assets) will be needed each year until the trust fund assets are totally exhausted in 2029.
Page 55 - ... knowledge of conditions in different parts of the country, and the New York representative in particular is familiar with conditions in the money market. As I have said before, I am in favor of placing the open-market committee's functions with the Board of Governors, which is a public body appointed by the President and confirmed by the Senate, to represent the public interest. I do not wish to imply that the bank representatives are less conscientious than Board members or that they do not...
Page 57 - Various groups should be consulted and reform plans developed that will not be disruptive to beneficiaries, will be fair to current taxpayers who will in the future become beneficiaries, and will be compatible with government finances overall. We have attached to our statement the four-page "Message From the Public Trustees" that is included in the Summary of the 1995 Annual Reports, as well as our biographical information.