Social Security Reform: An Analysis of the Ball/Altman Three-Point Plan
NYU Review of Employee Benefits and Executive Compensation, Alvin D. Lurie, ed., 2007
36 Pages Posted: 12 Feb 2008
This article describes and analyzes the costs and benefits of a three-part Social Security reform proposal introduced by Robert Ball and endorsed by Nancy Altman. The Ball/Altman proposal consists of (1) gradually increasing the maximum earnings base until it reaches 90 percent of earnings; (2) dedicating the estate tax to funding Social Security beginning in 2010; and (3) investing a portion of the Social Security trust fund in equities. The article concludes that while the Ball/Altman proposed solution is not costless, it deserves serious consideration.
Keywords: social security, public pensions
JEL Classification: H55
Suggested Citation: Suggested Citation