Reforming Social Security Around the World

2017 ◽  
pp. 1-11
Author(s):  
David Besanko ◽  
Saahil Malik
Keyword(s):  
Social Security ◽  
Old Age ◽  
Social Security System ◽  
Security System ◽  
Social Security Administration ◽  
Trust Fund ◽  
Long Run ◽  
The Social ◽  
The World ◽  
The U.S

In May 2009 the Office of the Chief Actuary for the U.S. Social Security Administration projected that by 2016 the Social Security Trust Fund would begin to spend more money than it took in through tax revenue. Further, by 2037 the balance in the Trust Fund would be down to zero, necessitating cuts in benefits to retirees. The U.S. Social Security system thus faced a long-term financial problem that needed to be addressed sooner rather than later. The experience of other countries in reforming their own systems of old-age insurance might provide some guidance for U.S. policymakers as they attempt to deal with the long-run fiscal challenges facing the U.S. Social Security system. This case focuses on reforms of old-age insurance systems in three countries: Australia, Mexico, and Sweden.This case gives students the opportunity to debate the variety of approaches that could be used to reform the U.S. Social Security system. It also gives insight into how countries around the world have structured their old-age insurance systems.

scholarly journals Analisis Yuridis Atas Penggabungan PT Taspen (Persero) dan PT Asabri (Persero) pada Badan Penyelenggara Jaminan Sosial

2020 ◽  
Vol 2 (1) ◽  
pp. 1-12
Author(s):  
Wahyudi Prima Putra ◽  
Suhaidi Suhaidi ◽  
Jelly Leviza ◽  
Marsella Marsella
Keyword(s):  
Social Security ◽  
Old Age ◽  
Social Security System ◽  
Security System ◽  
Social Security Program ◽  
Informal Workers ◽  
The Social ◽  
Social Security Act ◽  
Pension Payments

The transformation becomes an important vocabulary since last seven years in Indonesia, precisely since the enactment of the National Social Security System (Social Security Act) on October 19, 2004.  Persero four state-owned social security program organizers PT Askes, PT Asabri, PT Jamsostek and PT Taspen  will be transformed into BPJS . Asabri program is part of the rights of soldiers and police members on a decent income. Asabri programs and programs pension payments transferred by Asabri PT and old age savings program and programs pension payments transferred from TASPEN PT is part of the program in accordance with that law. With the inclusion of informal workers in the social security system which has clearly not been recorded, it will take time and a very large cost.

scholarly journals Lifetime Earnings, Mortality, And Social Security Benefits: Implications For Reform

2011 ◽  
Vol 25 (4) ◽  
Author(s):  
Alan D. Eastman ◽  
Kevin L. Eastman
Keyword(s):  
Social Security ◽  
Social Security System ◽  
Current Level ◽  
Security System ◽  
Font Size ◽  
Long Run ◽  
The Social ◽  
Mortality Difference ◽  
Lifetime Earnings ◽  
Social Security Benefits

<p class="MsoNormal" style="text-align: justify; margin: 0in 0.5in 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman;">The Social Security system is facing significant financial challenges, but politicians, economists, and other experts cannot agree on appropriate solutions.<span style="mso-spacerun: yes;">&nbsp; </span>Raising taxes and/or cutting benefits are never popular proposals, and competing groups want to protect the poor while at the same time maintain fairness for the more wealthy.<span style="mso-spacerun: yes;">&nbsp; </span>Recent studies, such as Cristia (2007), Duggan et al. (2007), and Waldron (2007), have shown a strong correlation between lifetime earnings and mortality, suggesting that differences in life expectancy between the wealthy and the less wealthy may be getting larger, thus eroding the progressivity of the Social Security system.<span style="mso-spacerun: yes;">&nbsp; </span>Our results show that for a mortality difference of one or two years, benefit reductions in the range of 2.5% to 16% would be needed to maintain the current level of progressivity for a male living to age 80.<span style="mso-spacerun: yes;">&nbsp; </span>If the mortality difference grows to four or five years, the benefit reductions would need to be much greater, anywhere from approximately 14% to 31%.<span style="mso-spacerun: yes;">&nbsp; </span>A reduction in benefits based on lifetime earnings can improve the long-run viability of the Social Security system while maintaining its current level of progressivity.</span></span></p>

scholarly journals Antecedentes históricos de la previsión social

2009 ◽  
pp. 307
Author(s):  
Francisco Javier Quesada Sánchez ◽  
José Antonio Rojas Tercero
Keyword(s):  
Health Service ◽  
Social Security ◽  
Social Security System ◽  
Security System ◽  
Historical Evolution ◽  
Financial Variables ◽  
The Third ◽  
The United Kingdom ◽  
The Social ◽  
The World

El presente trabajo tiene tres partes claramente diferenciadas. En la primera de ellas, se contempla la evolución histórica del seguro hasta nuestros días. La segunda parte recoge el surgimiento del régimen de previsión social obligatoria, su nacimiento en el siglo XVII en el reino Unido, su evolución en Europa y en algunos países del resto del mundo. Existen dos corrientes del sistema de previsión social: Atlántico o universalista y el continental o individualista. La tercera parte se centra en el surgimiento de la Seguridad Social en España y la aparición del sistema de previsión social complementaria o Planes y Fondos de pensiones, haciendo especial reseña a su incidencia en variables biométricas, actuariales, sociales y financieras.<br /><br />The present paper is clearly divided in three main differentiated parts. The first one deals with the historical evolution of insurance up to the present times. The second part is about the appearance of the compulsory social security, its birth in the United Kingdom in 17th Century, its evolution in Europe and in some other countries of the world. There are two streams for the social security system: The Atlantic or universal and the continental or individualist. The third part is focused on the appearance of the health service in Spain and the appearance of a complementary social security system or pension funds and it emphasizes their impact on biometric, actuarial, social and financial variables

scholarly journals Detailed Analysis of The Laffer Effect at Turkish Social Security Administration Premium Revenue

2017 ◽  
Vol 7 (1) ◽  
pp. 99-105
Author(s):  
Murat Binay ◽  
Songül Binay
Keyword(s):  
Social Security ◽  
Social Insurance ◽  
Social Security System ◽  
Security System ◽  
Public Employees ◽  
Social Security Administration ◽  
Laffer Curve ◽  
Premium Rate ◽  
The Social ◽  
Laffer Effect

This study is an attempt to analyse and deep the social security premium rate/load as a factor that influences the premium revenues for the Turkish Social Security Administration by using the Laffer curve logic and to identify relation and the premium load that maximizes premium revenues and assessing the revenue increase for the Administration. Turkish Social Security system separates the employees in three main groups: Indıvıduals working on service contract who are subject to SSK (Social Insurance Administration), Individuals working on their own names and accounts who are subject to Bag-Kur (Craftsmen And Artisans And Other Self-Employed Social Insurance Institution) and public employees or civil servants who are subject to ES (Retirement Fund General Directorate) before the social security reform. The previous studies; “Model Proposal for Investigating and Increasing the Social Security Administration’s Premium Collection Revenue” analysed the relationship between the premium revenue and premium rate/load for all the employees, make a total analyse for premium rate and revenue and “The Laffer Effect at Turkish Social Security Administration’s Premium Revenue” analysed the most crowded group of the Turkish Social Security system SSK.In this study it will be focused on Bag-Kur and ES premium revenue. The monthly data for the period between January 2009 and December 2012 were used in this study. Keywords: Premium Rate; Premium Revenue; Earnings Based On Premium; The Laffer Curve  

scholarly journals Overview of PROMISE

2020 ◽  
pp. 216514342098045
Author(s):  
David E. Emenheiser ◽  
Corinne Weidenthal ◽  
Selete Avoke ◽  
Marlene Simon-Burroughs
Keyword(s):  
Career Development ◽  
Social Security ◽  
Human Services ◽  
Technical Assistance ◽  
Department Of Education ◽  
Social Security Administration ◽  
Special Issue ◽  
Health And Human Services ◽  
The Social ◽  
The U.S

Promoting the Readiness of Minors in Supplemental Security Income (PROMISE), a study of 13,444 randomly assigned youth and their families, includes six model demonstration projects and a technical assistance center funded through the U.S. Department of Education and a national evaluation of the model demonstration projects funded through the Social Security Administration. The Departments of Labor and Health and Human Services and the Executive Office of the President partnered with the Department of Education and Social Security Administration to develop and monitor the PROMISE initiative. This article provides an overview of PROMISE as the introduction to this special issue of Career Development and Transition for Exceptional Individuals.

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