Monday, January 17, 2005

Social Security Reform - the Home Version

The American Academy of Actuaries has posted an online "game" to correct Social Security solvency issues.

You can adopt a variety of different policies - adjusting COLA index, raising retirement age, eliminating the wage cap, tax increases, and private accounts.

The goal - get to 100% solvency.

I like actuarial science because, well, it's science. The organization is non-partisan - more a professional organization than anything else. Their findings - the Social Security Trust Fund must be invested in private market equities using an index fund to achieve solvency.

They also have an interesting issue paper on tort reform and medical malpractice here.
Their position is fairly close to the President's, and has been shown effective in California.

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