2003 annual report of the Board of Trustees of the Federal Old Age and Survivors Insurance and Disability Trust Funds: hearing before the Committee on Finance, United States Senate, One Hundred Eighth Congress, first session, April 9, 2003, Volume 49
U.S. G.P.O., 2004 - Business & Economics - 28 pages
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2003 and later 2003 Trustees Report 75-year period 75-year projection period actuarial imbalance benefit reductions Bob Myers Chairman Chief Actuary combined OASI Congress Consumer Price Index current law deficits would increase defined benefits effect of delaying eligible for benefits eliminate the 75-year estimated fact financial status funds are projected going gross domestic product group unfunded obligation important indicates infinite horizon infinite period intermediate assumptions last year's report later could eliminate look MAX BAUCUS measures of unfunded needed newly eligible OASDI program open group unfunded Open-group unfunded obligation percent of payroll percent of taxable permanent actuarial Peter Orszag present value problem question reform plans result revenue scheduled benefits Senator BAUCUS Senator Santorum Social Security Administration Social Security program Social Security shortfall Social Security Trustees Stephen Goss talk tax income taxable payroll taxes for future Thank tion today's hearing trillion trust fund assets U.S. SENATOR valuation period wage indexing year's trustees