Social Security Notch Issues
The problem of the Social Security “notch” involves a discrepancy in retirement benefits depending on a recipient’s year… read more
The problem of the Social Security “notch” involves a discrepancy in retirement benefits depending on a recipient’s year of birth. Those born between 1917 and 1921 who retire after age 62 receive lower benefits than those with comparable work histories who were born in previous years. This committee hearing was called to formally receive the results of a Natl. Academy of Social Insurance (NASI) study, commissioned in March 1988. The NASI panel found that while the notch phenomenon exists, Congress should take no action. This is based on their conclusion that benefit differences arise over undue windfalls, and that legislation to address the benefit differences by awarding higher benefits to the “notch” group is too costly. (See also GAO report: GAO/HRD-88-62.) close
*The transcript for this program was compiled from uncorrected Closed Captioning.
People in this video
- Joseph Delfico Director General Accounting Office->Human Resources
- Robert Myers Chairman National Academy of Social Insurance->Notch Study Panel
- Eric Shulman Director National Council of Senior Citizens->Legislation
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