2003•University of North Texas Digital Library (University of North Texas)Open access
Social Security Reform: Effect on Benefits and the Federal Budget of Plans Proposed by the President's Commission to Strengthen Social Security
Dawn Nuschler, Geoffrey Kollmann
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Abstract
In 2001, President Bush established the President’s Commission to Strengthen Social Security to make recommendations on ways to “modernize and restore fiscal soundness to the Social Security system” in accordance with six principles, one of which mandated the creation of voluntary personal retirement accounts. The Commission proposed three alternative reform models. Under all three proposals, workers could choose to invest in personal accounts and have their traditional Social Security benefits reduced by some amount. Model 1 would make no other changes to the program.
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