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Book

Saving Social Security

Saving Social Security A Balanced Approach

Retirement, Saving, U.S. Economy

Peter A. Diamond and Peter R. Orszag, Brookings Institution Press 2003 c. 287pp.

1. Introduction

2. A Brief Overview of Social Security

3. Goals for Social Security Reform

4. Social Security's Long-Term Deficit

5. A Three-Part Plan to Shore Up Social Security

6. Strengthening Social Security's Effectiveness and Social Insurance

7. Implications for Benefits and Revenue

8. Individual Accounts

9. Questions and Answers about Our Balanced Reform Plan

10. Conclusions

APPENDIXES

A. Social Security and National Saving

B. Trends in Retirement Age

C. How the Legacy Debt Arose: A Simplified Example

D. Characteristics of Tax-Favored Defined-Contribution Plans

E. Should the Trust Fund Invest in the Stock Market?

F. Comparisons with Models 2 and 3 of the President's Commission

G. Memorandum from the Office of the Chief Actuary

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