The social security retirement test: right or wrong?/
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TextPublication details: Washingto D.C.: American Enterprise Institute for Public Policy Research, 1978.Description: 57pISBN: - 0844733075
- 368.4300973 COL
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| 368.09669 TEN Ten Years of Professional Reinsurance in Nigeria/ | 368.4 RIC Economic and financial aspects of social security : | 368.4 UNI Sustaining social security / | 368.4300973 COL The social security retirement test: | 368.630 RAY Agricultural Insurance : | 368.8 WAL Insurance of bank lending to developing countries / | 368.854009669 NIG Bank deposit insurance in Nigeria / |
examines the controversial provision that disallows full benefits under old-age and survivors insurance to persons whose earned income exceeds certain limits. This limitation on earnings — the retirement test — is shown to have serious faults. It does not make allowances for geographical variation in purchasing power or for special hardships; it gives persons with unearned income an unfair advantage; and it fails to consider most income in kind. The author estimates that $0.5 billion in additional taxes would be collected annually from persons who would be added to the work rolls if there were no retirement text at age 65. The study also evaluates changes effected by the 1977 amendments to the Social Security Act.
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