Academic journal article Social Security Bulletin

Advisory Council Names Two New Technical Panels

Academic journal article Social Security Bulletin

Advisory Council Names Two New Technical Panels

Article excerpt

Advisory Council Names Two New Technical Panels

Twenty-six experts in Social Security policy and financing have recently been named to two technical panels to assist the 1994-95 Advisory Council on Social Security in making recommendations in the areas of trends and issues in retirement saving, and the assumptions and methods used to project the financial status of the Social Security program. The scope of work of each panel has been spelled out in its charter, and the panels will work together as appropriate to develop and assess policy and program alternatives. The members of these panels and their professional affiliations are are shown to the right.

Panel on Trends and Issues in Retirement Saving

The charter for this technical panel stipulates that it is to "assist the 1994-95 Advisory Council with respect to its charge to analyze the relative roles of the public and private sectors in the provision of retirement income, particularly how underlying policies of public and private programs, including relevant tax laws, affect retirement decisions and the economic status of the elderly."

Some of the topics to be covered include:

* What will happen to retirement saving and the economic well-being of older Americans if we leave the status quo?

* What changes in retirement savings might society want to encourage?

* Why would society want to encourage these changes?

In reviewing these questions, the panel will be looking at a wide range of topics, including the shift from defined-benefit to defined-contribution plans.

Panel on Assumptions and Methods

The charter for this technical panel is to "assist the 1994-95 Advisory Council by reviewing the assumptions and methodology used to project the future financial status of the Old-Age, Survivors, and Disability Insurance (OASDI) programs, including, if necessary, measures of the financial soundness of these programs. …

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