Social Security Reform in 2005 and Beyond

NYU REVIEW OF EMPLOYEE BENEFITS AND EXECUTIVE COMPENSATION, Alvin D. Lurie, ed., 2006

32 Pages Posted: 26 Feb 2007

See all articles by Kathryn L. Moore

Kathryn L. Moore

University of Kentucky College of Law

Abstract

Social Security reform started out with a bang in 2005. President Bush made it the centerpiece of his 2005 State of the Union address, and he spent the early months of the year on a 60-day, 60-city tour around the country in which he touted his pet project of creating Social Security "personal retirement accounts." Despite its early prominence, Social Security reform ended with a whimper by the end of 2005.

This Article describes and analyzes three of the most politically salient reform proposals in 2005: (1) President Bush's "Personal Retirement Accounts," (2) Robert Pozen's "Progressive Price Indexing Plan," and (3) Proposals to Fund Personal Retirement Accounts with Social Security's Annual Surpluses. The Article then explains why Social Security reform failed despite President Bush's Herculean effort to create personal retirement accounts. Finally, it concludes by discussing the prospects for reform in 2006 and beyond.

Keywords: social security, retirement income policy

JEL Classification: H55, J26

Suggested Citation

Moore, Kathryn L., Social Security Reform in 2005 and Beyond. NYU REVIEW OF EMPLOYEE BENEFITS AND EXECUTIVE COMPENSATION, Alvin D. Lurie, ed., 2006, Available at SSRN: https://ssrn.com/abstract=964997

Kathryn L. Moore (Contact Author)

University of Kentucky College of Law ( email )

620 S. Limestone Street
Lexington, KY 40506-0048
United States
859-257-7637 (Phone)
859-323-1061 (Fax)

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
87
Abstract Views
802
rank
386,858
PlumX Metrics