To amend title II of the Social Security Act to require that the annual Trustees Report reflect the future income to, and disbursements from, the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund in the form of alternative "closed-end" and "open-end" analyses.

Summary

Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to require that the annual statement of the Board of Trustees of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund on the actuarial status of the Trust Funds include two alternative analyses of the actuarial present values of expected future income to, and the expected future disbursements from, the Trust Funds over the ensuing 75 fiscal years which differ in that one such analysis shall be based on the assumption that no workers will be paid wages or derive self-employment income after the valuation date other than those who have attained age 15 as of such date.

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2 official files

• Introduced in House (text)

  Introduced in House · EN

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• Introduced in House

  summary · EN · 10 April 1989

  Open at official source

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