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Full-Text Articles in Retirement Security Law
Lessons From The French Funding Debate, Kathryn L. Moore
Lessons From The French Funding Debate, Kathryn L. Moore
Law Faculty Scholarly Articles
The French retirement system, like the American social security system, is facing long-term funding difficulties. As a result, the French are debating whether to expand the role of pre-funded retirement plans. The economic arguments presented in this debate are virtually identical to the economic arguments presented in the American debate on whether the American social security system should be partially privatized.
The French and American debates, however, diverge once history and ideology are considered. The French have a history of failed funded pensions in contrast to the United States where the failure of prominent underfunded pension led to the enactment …
Raising The Social Security Retirement Ages: Weighing The Costs And Benefits, Kathryn L. Moore
Raising The Social Security Retirement Ages: Weighing The Costs And Benefits, Kathryn L. Moore
Law Faculty Scholarly Articles
The Social Security program faces a long-term funding deficit. The Board of Trustees of the Federal Old-Age and Survivors and Disability Insurance ("OASDI") Trust Funds predicts that unless corrective action is taken, Social Security benefit payments will exceed dedicated tax revenues by the year 2015, and the Social Security program will become insolvent—unable to pay promised benefits in full-by the year 2037. As a result of this projected deficit, Social Security has become "a lightning rod for far reaching reform proposals."
Proposals range from "traditional" proposals that would maintain the basics of the program's revenue and benefit structure but would …