United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2003-01-15 monographic deposited born digital 109 p. GA 1.13:GAO-03-310 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-03-310 P0b002ee18039daea f:d03310 DGPO 2010-08-12 2011-03-23 GAOREPORTS-GAO-03-310 machine generated eng fdlp REPORT GAOREPORTS-GAO-03-310 GAO-03-310 Disability insurance Economic analysis Federal social security programs Funds management Future budget projections Retirement benefits Social security benefits Old Age and Survivors Insurance Trust Fund Other Written Product A05859 Social Security is an important social insurance program affecting virtually every American family. It represents a foundation of the nation's retirement income system and provides millions of Americans with disability insurance and survivors' benefits. Over the long term, as the baby boom generation retires, Social Security's financing shortfall presents a major solvency and sustainability challenge. Numerous reform proposals have been put forward in recent years, and in December 2001 a commission appointed by the President presented three possible reform models. Senator Breaux, Chairman of the Senate Special Committee on Aging, asked GAO to use its analytic framework to evaluate the Commission's models. This framework consists of three criteria: (1) the extent to which a proposal achieves sustainable solvency and how it would affect the economy and the federal budget; (2) the balance struck between the twin goals of income adequacy and individual equity; and (3) how readily such changes could be implemented, administered, and explained to the public. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-03-310/html/GAOREPORTS-GAO-03-310.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-03-310/pdf/GAOREPORTS-GAO-03-310.pdf GAO-03-310 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-03-310 Other Written Product GAO-03-310; Social Security Reform: Analysis of Reform Models Developed by the President's Commission to Strengthen Social Security; Disability insurance Economic analysis Federal social security programs Funds management Future budget projections Retirement benefits Social security benefits Old Age and Survivors Insurance Trust Fund