Transcription of Social Security Reform: Current Issues and Legislation
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Social Security Reform: Current Issues and Legislation
CRS Report for CongressPrepared for Members and Committees of Congress Social Security reform : Current Issues and Legislation Dawn Nuschler Specialist in Income Security November 28, 2012 Congressional Research Service 7-5700 RL33544 Social Security reform : Current Issues and Legislation Congressional Research Service Summary Social Security reform has been an area of interest to policymakers for many years. In 2011, Social Security program changes were discussed during negotiations on Legislation to increase the federal debt limit and reduce federal budget deficits. In August 2011, the Budget Control Act of 2011 ( 112-25) established a Joint Select Committee on Deficit Reduction tasked with recommending ways to reduce the deficit by at least $ trillion over the fiscal year period 2012 to 2021.
Social Security, one of the largest federal programs, is a social insurance system that pays benefits to retired or disabled workers, their family members, and to the family members of deceased workers.
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