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  2. National Commission on Fiscal Responsibility and Reform

    en.wikipedia.org/wiki/National_Commission_on...

    The National Commission on Fiscal Responsibility and Reform (often called Simpson–Bowles or Bowles–Simpson from the names of co-chairs Alan Simpson and Erskine Bowles; or NCFRR) was a bipartisan Presidential Commission on deficit reduction, [1] created in 2010 by President Barack Obama to identify "policies to improve the fiscal situation in the medium term and to achieve fiscal ...

  3. Social Security (United States) - Wikipedia

    en.wikipedia.org/wiki/Social_Security_(United...

    If Social Security benefits were reduced by 3% to 5% for new retirees, about 18% to 30% percent of the funding gap would be eliminated. [citation needed] Average in more working years. Social Security benefits are now based on an average of a worker's 35 highest paid annual salaries with zeros averaged in if there are fewer than 35 years of ...

  4. Windfall Elimination Provision - Wikipedia

    en.wikipedia.org/wiki/Windfall_Elimination_Provision

    The Windfall Elimination Provision (abbreviated WEP [1]) was a statutory provision in United States law [2] which affects benefits paid by the Social Security Administration under Title II of the Social Security Act. It reduced the Primary Insurance Amount (PIA) of a person's Retirement Insurance Benefits (RIB) or Disability Insurance Benefits ...

  5. Social Security: New Report Shows Those Born After 1970 ... - AOL

    www.aol.com/finance/social-security-report-shows...

    Unless lawmakers come up with a plan to deal with Social Security's looming funding shortfall, retirees will likely see a reduction in benefits in about a decade. That reduction could be especially...

  6. File:The Social Security (Contributions) (Amendment ...

    en.wikipedia.org/wiki/File:The_Social_Security...

    Main page; Contents; Current events; Random article; About Wikipedia; Contact us; Donate

  7. Social Security Fairness Act could restore benefits, but ...

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    Even though supporters of the Social Security Fairness Act argue it will only drain the Social Security fund six months earlier than otherwise expected, some critics believe there are better ...

  8. Here's the Average Social Security Benefit at Ages 62 ... - AOL

    www.aol.com/heres-average-social-security...

    A separate analysis from the Center on Budget and Policy Priorities found that the poverty rate for adults aged 65 and above would be nearly four times higher if Social Security didn't exist -- 10 ...

  9. Mandatory spending - Wikipedia

    en.wikipedia.org/wiki/Mandatory_spending

    Social Security spending has grown relative to the economy. In 1962, before the passage of Medicare and Medicaid, Social Security spending accounted for 13 percent of the total mandatory spending. This was about half of all mandatory spending. In FY 2016, Social Security accounted for 38 percent of mandatory spending. [5]

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