Trustees Reports issued over the last several years have indicated that Social Security's Old-Age, Survivors, and Disability Insurance (OASDI) Trust Funds would become insolvent sometime in the next 30 to 40 years under the intermediate set of economic and demographic assumptions provided in each report.
Various proposals have addressed this long-range solvency problem. These proposals are generally intended to restore, or largely restore, solvency for the long-range period (the next 75 years).
For many of these proposals, the Office of the Chief Actuary has prepared a complete actuarial analysis showing the estimated effect on the long-range financial status of the OASDI program.
- Estimated Financial Effects of a Proposal for Individual Social Security Investment, February 15, 2005—legislation introduced as H.R. 530 (109th Congress) by Representative Sam Johnson. ( PDF version )
- Estimated Financial Effects of a Comprehensive Social Security Reform Proposal Including Progressive Price Indexing, February 10, 2005—a proposal developed by Robert Pozen, member of the 2001 President's Commission to Strengthen Social Security. ( PDF version )
- Estimated Financial Effects of the "Social Security Personal Savings and Prosperity Act of 2004," July 19, 2004—legislation subsequently introduced as H.R. 4851 (108th Congress) by Representative Paul Ryan. ( PDF version )
- Estimated OASDI Financial Effects of the "Bipartisan Retirement Security Act," February 11, 2004—legislation subsequently introduced as H.R. 3821 (108th Congress) by Representative Jim Kolbe and Representative Charles Stenholm. Adjustments were made on February 25, 2004 to the budget estimates in Table 1b. ( PDF version )
For earlier reports and analysis visit http://www.ssa.gov/OACT/solvency/index.html
Information provided by the Social Security Administration and Office of the Chief Actuary