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FEDERALhearing transcript

High Impact

Hearing on the Financial Status of Social Security Trust Funds

Original title: SOCIAL SECURITY'S SOLVENCY CHALLENGE: STATUS OF THE SOCIAL SECURITY TRUST FUNDS

January 1, 2019

Social Security Trust Funds Federal Budget Solvency Retirement Disability Insurance

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The Frame

What this does

The hearing addresses the long-term financial stability of the Social Security program, which provides retirement and sability benefits to millions of Americans, by reviewing actuarial data on when trust fund reserves may be exhausted.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Social Security beneficiaries

The solvency of the trust funds directly impacts the long-term availability and funding levels of retirement and disability benefits.

U.S. taxpayers

Taxpayers fund the Social Security system through payroll taxes, which are subject to legislative changes based on trust fund solvency.

What changed

Last recorded activity January 1, 2019.

What's next

Next step not available in the current record.

Summary

This document is the official record and advisory for a 2017 House Subcommittee hearing regarng the long-term financial of the Social Security Old-Age and Survivors Insurance () and Disability Insurance (DI) trust funds. The hearing examined the potential impacts of delaying legislative action to address the projected insolvency of these funds.

Key Facts

The hearing was held on July 14, 2017, in the Rayburn House Office Building.
The hearing focused on the Federal Old-Age and Survivors Insurance (OASI) and Federal Disability Insurance (DI) Trust Funds.
The primary witness was Stephen C. Goss, Chief Actuary of the Social Security Administration.
The Subcommittee accepted written submissions for the record from the public until July 28, 2017.
Written submissions were limited to a maximum of 10 pages and required Word document format.
The hearing was conducted by the Subcommittee on Social Security under the House Committee on Ways and Means.

Why It Matters

Frequently Asked Questions

What was the purpose of this hearing?

To review the financial status of the Social Security trust funds and scuss the consequences of delaying legislative action to address future in.

Can the public provide input on this topic?

Yes, the committee allowed inviduals and organizations to submit written statements for the official record, provided they followed specific formatting and submission deadlines.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Focus on Delay Costs

The hearing specifically framed the discussion around the 'effects of delaying action,' signaling a legislative focus on the urgency of reform.

Subcommittee on Social Security

Connected Entities

organizationSubcommittee on Social Security“Subcommittee of the House Committee on Ways and Means”Map →

organizationGeneration Opportunity“Submitted written testimony for the record”Map →

organizationCenter for Fiscal Equity“Submitted written testimony for the record”Map →

personSam Johnson“Chairman of the Subcommittee on Social Security”Map →

organizationStrengthen Social Security Coalition“Submitted written testimony for the record”Map →

personStephen C. Goss“Chief Actuary of the Social Security Administration and primary witness”Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100

Significance85
How much this matters to a regular citizen
Controversy40
Intensity of disagreement among stakeholders
Entertainment10
Compellingness for a non-policy-wonk reader
Buzz15
Current news / social attention level

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