Social Security: Different Approaches for Addressing Program Solvency

Pursuant to a congressional request, GAO provided information on issues related to social security financing, focusing on: (1) the various perspectives that underlie the current solvency debate; (2) the reform options within the current program structure; (3) the issues that might arise if social security were restructured to include individual retirement accounts; and (4) the likely impacts on national saving of reform proposals that call for changes in how Social Security benefits are funded.