Number: RL32006
Title: Social Security Reform: Effect on Benefits and the Federal Budget of Plans Proposed by the Presidents Commission to Strengthen Social Security
Authors: Dawn Nuschler and Geoffrey Kollmann, Domestic Social Policy Division 
Abstract: In 2001, President Bush established the Presidents Commission to Strengthen Social Security to make recommendations on ways to modernize and restore fiscal soundness to the Social Security system in accordance with six principles, one of which mandated the creation of voluntary personal retirement accounts. The Commission proposed three alternative reform models. Under all three proposals, workers could choose to invest in personal accounts and have their traditional Social Security benefit reduced by some amount.
Pages: 91
Date: Updated July 15, 2003