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Over the past two decades, the share of working age Americans collecting disability insurance payments has doubled, from 2.3 to 4.6 percent of the population aged 25 to 64, with the largest increases coming among women.
Given the declining share of retirement income provided by Social Security and traditional defined benefit pensions, individuals must take a more active role in their retirement saving decisions. The potential for confusion regarding the presentation of estimated Social Security benefits could complicate this process.
To establish Social Security as a sustainable, solvent program, changes are necessary. A wide range of reforms have been proposed in recent years, and many of those proposals include changes both to future benefits and to payroll taxes.
Gov. Bob McDonnell (R-Va.) has long been on almost everyone's short list for the Republican vice presidential nomination. But now McDonnell's national security credentials have come into question, thanks to his mishandling of a bill passed by the Virginia General Assembly.
Kicking the can down the road. That's been the Obama administration's response on issues from Iran's nuclear weapons program to America's entitlement systems.
Shifting government workers to 401(k)-style plans would offer greater transparency and keep benefits in line with the private economy.
The Beltway media, in cases of lurid accusations, have displayed a curious and consistent habit of slamming one set of candidates while covering for the other. Questions should be raised about media reporting biases, rather than AEI’s ground rules.
It is unlikely that increases in federal employee pension contributions or reductions in pension benefits for future federal retirees would lower total compensation below federal workers’ reservation wage, which represents the minimum pay at which a worker will accept a particular type of job.









