With the economy showing positive signs on employment, now is the right time to phase in commonsense deficit reduction policies.
The federal budget deficit for FY 2016 rose over the previous year, showing that the recent trend of annual declines in deficits has ended.
More than 40 million Americans are not covered by a workplace retirement savings plan. Employees of smaller businesses are especially likely to lack access.
Several provisions in the proposed Retirement Enhancement and Savings Act of 2016 align with the goals and recommendations of a recent BPC report.
The policy center called for lifting Social Security’s minimum benefit for very-low-income seniors, and enhancing the program’s survivor benefit.
Kent Conrad and James Lockhart discuss a bipartisan proposal that would help boost retirement savings, including Social Security.
Conrad and Lockhart joined SiriusXM’s P.O.T.U.S. channel to discuss the challenges facing Social Security and outline key reform proposals included in a new BPC report.
The aging of baby boomers and the looming funding crisis for Social Security have spurred candidates, lawmakers, and experts to propose ways to boost retirement savings.
The Old Age and Survivors Insurance Trust Fund, which provides benefits to 49 million beneficiaries, will be unable to pay benefits as scheduled by 2035.