Social Security pays monthly benefits to retired and disabled workers, to their families, and to the families of deceased workers. Benefits and the administrative costs of the program are paid from the Social Security trust funds. The funds receive income from Social Security taxes paid by...

The contributions that workers pay for Social Security have been temporarily reduced under legislation designed to get money quickly into the hands of workers so they could spend it to help the nation out of the Great Recession. This “payroll tax holiday” is scheduled to end on December 31....

Micro-simulation of future benefits shows how recommendations by Alan Simpson and Erskine Bowles, co-chairs of the deficit commission appointed by President Obama, would lower Social Security benefits for almost all (92 percent) of seniors entitled to benefits in 2070. The cuts would affect all...

Social Security pays monthly benefits to retired and disabled workers, to their families, and to the families of deceased workers. Benefits and the administrative costs of the program are paid from the Social Security trust funds. The funds receive income from Social Security taxes paid by...

This report considers some of the payout issues that might arise from implementing a system of individual accounts, if such accounts were to become a part of federal retirement policy. Why is it important to examine "payout" issues? Because a central goal of retirement security policy is to...

Social Security is in excellent financial shape over the next decade; it is running surpluses while the rest of the federal government is running deficits. If the Trustees' "best estimates" for the next 75 years hold true, Social Security funds will fall short of benefit costs in about 2042. In that...