In May 2009 the Workplace of the Chief Actuary for the United States Social Security Administration predicted that by 2016 the Social Security Trust Fund would start to invest more cash than it took in through tax earnings. Even more, by 2037 the balance in the Trust Fund would be down to absolutely no, demanding cuts in advantages to retired people.
The United States Social Security system therefore dealt with a long-lasting monetary issue that had to be attended to quicker instead of later on. The experience of other nations in reforming their own systems of old-age insurance coverage may supply some assistance for U.S. policymakers as they try to handle the long-run financial obstacles dealing with the United States Social Security system. This case concentrates on reforms of old-age insurance coverage systems in 3 nations: Australia, Mexico, and Sweden.
Reforming Social Security Around the World Case Study Solution
PUBLICATION DATE: March 25, 2010 PRODUCT #: KEL493-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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