Social Security Financing Proposals: Hearings Before the Subcommittee on Social Security of the Committee on Finance, United States Senate, Ninety-fifth Congress, First Session ....
U.S. Government Printing Office, 1977 - Government publications - 448 pages
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actuarial additional adjustment Administration Administration's proposal Advisory Council amount automatic average believe beneficiaries benefit formula benefit levels billion cash benefits Chairman changes Committee Congress Consumer Price Index contributions cost countercyclical coverage decoupling deficit disability insurance earnings base economic employers and employees estimated Federal financing problems future hospital insurance HSIAO indexing inflation legislation long-range Medicare ment MYERS OASDI Old-Age and Survivors paid payments payroll tax period persons present law private pension railroad retirement recommendations reduce regressive tax replacement ratios reserve revenue financing Secretary CALIFANO security trust funds self-employed Senator CURTIS Senator DANFORTH Senator NELSON small business Social Security Act Social Security Administration social security benefits social security financing social security program social security system social security taxes social security trust Supplemental Security Income survivors tax rate increase taxable payroll taxable wage tion U.S. Congress unemployment wage base welfare workers
Page 288 - any other kind of substantial gainful work which exists in the national economy, regardless of whether such work exists in the immediate area in which he lives, or whether a specific job vacancy exists for him, or whether he would be hired if he applied for work.
Page 296 - the children of parents unable to keep and maintain them : (2) such persons who. having no means to maintain themselves, used no ordinary and daily trade of life to get their living by: (3) the lame, impotent, old. blind and such others as were poor and not able to work. The first two of these classes were to be relieved
Page 97 - There is also authorized to be appropriated to the trust fund such additional sums as may be required to finance the benefits and payments provided in this title." 7. The traditional relationship between the contributions made to the selfemployed and the worker should 'be
Page 403 - RICHARD E. CARVER, MAYOR OF PEORIA, ILL. ON BEHALF OF THE NATIONAL LEAGUE OF CITIES Mr. Chairman, members of the Committee, I am Richard Carver, Mayor of Peoria, Illinois, and Chairman of the National League of Cities' Effective Government Committee. I am here today on behalf of the National League of Cities and its 15,000 members.
Page 266 - 1 < Taxable payroll is adjusted to take into account the lower contribution rates on self-employment income, on tips, and on multiple-employer "excess wages" as combined with the employer-employee rate. * The initial value in each pair refers to the assumed annual percentage increases in average wages after 1982. The
Page 279 - The hope behind this statute is to save men and women from the rigors of the poor house as well as from the haunting fear that such a lot awaits them when journey's end Is near.
Page 290 - blindness" Is defined as "central visual acuity of 20/200 or less in the better eye with the use of a correcting lens,
Page 150 - fear that such a lot awaits them when journey's end is near." The Social Security system is still the best instrumentality we have for achieving that purpose. To say that, however, does not
Page 86 - from 1944 to 1950 as follows: There is also authorized to be appropriated to the trust fund such additional sums as may be required to finance the benefits and payments provided in this title.
Page 344 - the social security system. In a 1973 statute enacting the legislation thus proposed by the railroads and unions, the Congress also directed the creation of a joint railroad-union negotiating committee or "group" to submit to the Congress, by April 1. 1974. their "joint recommendations for restructuring the railroad retirement system in a manner which will assure the long-term actuarial soundness of