SOCIAL SECURITY

SOCIAL SECURITYOld-Age, Survivors, andDisability Insurance ProgramSUMMARY OF THE1984 TRUSTEES REPORTAPRIL 5, 1984 OFFICE OF THE ACTUARYSOCIAL SECURITY ADMINISTRATIONSUMMARY OF THE1984 SOCIAL SECURITY TRUSTEES REPORT:OLD-AGE, SURVIVORS, AND DISABILITY INSURANCE PROGRAMHIGHLIGHTSThe actuarial estimates indicate that OASDI benefits can be paid on time well into the nextcentury on the basis of all four sets of econom-icand demographic assumptions. Over thenext 75 years, the OASDI program is in closeactuarial balance, based on the intermediate-Bset of year's estimates are similar to lastyear's,which showed that the SOCIAL SecurityAmendments of 1983 had substantially improv-ed the financial condition of the stabilizer provision of the 1983 amend-ments is not expected to affect the automaticbenefit increase for December 1984, even onthebasisof very pessimistic , the 1984 cost-of-living increase inOASDI benefits will almost certainly be basedon the full increase in the Consumer PriceIndex, even if the applic

earnings up to the earnings base, $37,800 in 1984. In future years, this Social Security earnings base will rise as average wages increase. For the self-employed, the OASDI tax rate now is the same as the combined (1) (2) 1. INTRODUCTION 2 employee-employer rate.

Loading..

Tags:

  Social, Security, Social security, 1948

Information

Related search queries