Commission Clarifies Plans to Reform Social Security

Summary

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Within days of the recent election, Social Security reform was moved to the front burner for the newly elected Congress. The President has committed himself to moving forward with Congress on plans to reform the program, asserting that the recommendations of his 2001 Social Security commission should be the starting point of the legislative negotiations with Congress.

Sixteen of us Republicans and Democrats served on the President s Commission to Strengthen Social Security. There seems to be a great deal of confusion and misinformation about our recommendations that should be made clear. Although we presented the president with three plans, Plan 2 received the majority of the Commissioners support and should serve as the starting point.

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Extract

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Commission Clarifies Plans to Reform Social Security

What did Plan 2 recommend?First, consistent with one of the president's principles, everyone who is age 55 or older should receive their promised Social Security benefits, ...

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