The annual Social Security Trustees Report, released on Monday, confirms that the program is significantly underfunded. After decades of delay, Congress and the next president will need to take steps to restore Social Security's finances and improve Americans' retirement income security. Although it might seem counterintuitive, one positive step toward...

The president took an extra week to develop his budget, but the extra time was apparently not enough to yield Medicare policies that could produce real savings. Competitive bidding offers a better solution, but only if we are willing to give it a chance.

Ominously labeled "Taxmageddon," a host of tax policy changes are set to occur at year-end, and there truly is much at stake: $3.67 trillion of additional tax revenue over 10 years from the Bush tax cuts alone.

Sound retirement security policy for future retirees requires planning. Workers need to be engaged; employers need to be responsible; and policymakers must ensure that pension law, tax law, and the Social Security system operate in a manner that promotes opportunities for private saving, appropriate retirement asset management, and sustainability and predictability.

Shifting government workers to 401(k)-style plans would offer greater transparency and keep benefits in line with the private economy.

A system that lets participants choose between the traditional system and a lower-cost settlement paid in inflation-adjusted Treasuries could ensure the program's solvency.

Unless budget hawks can generate a more productive answer from citizens, we are in serious trouble.

At this event, AEI resident scholar Andrew Biggs will address members of the Savings and Retirement Forum about the present system and propose reforms that could create a more transparent and effective retirement program.