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Issues

Social Security & Retirement

Social Security
RSC Member Rep. Paul Ryan (R-WI), announced plans to introduce legislation that would use the Social Security surplus to start personal retirement accounts for younger workers.

Rep. Paul Ryan, click here.

RSC Chairman Mike Pence (R-IN) circulated this Wall Street Journal op-ed in support of the new approach to Social Security reform.

House conservatives gathered for a retreat in Baltimore last week and agreed on, among other things, a set of principles for Social Security reform. Read more about it in the following three news articles:

Social Security
52 House conservatives sent this letter to President Bush to oppose the idea of "add-on" accounts for Social Security, saying that such accounts fail to address the solvency and generational fairness problems facing the system.

CongressDaily article about conservative efforts regarding "add-on" accounts

Medicare and Social Security Trustees Report: the Medicare and Social Security Trustees released their annual report on the financial status of the Social Security and Medicare trust funds. The Medicare report shows the fund approaching a deficit and insolvency quickly, with a deficit in the Hospital Insurance Trust Fund by 2010 and bankruptcy in 2019, seven years earlier than last year's report predicted.

The RSC prepared a fact sheet on a Social Security loophole, known as the Government Pension Offset, which which in certain cases allows beneficiaries to collect from Social Security AND from a state or local government pension system. Click here to read the fact sheet.

Rep. Kevin Brady (R-TX) also prepared a detailed fact sheet on the Government Pension Offset loophole. Click here to read the fact sheet.

Medicare and Social Security: The RSC released a fact sheet on the highlights from the 2003 Social Security and Medicare Trustees Report: RSC Fact Sheet

RSC Reports RSC Letter to Majority Leader Dick Armey: Republican Members Praise Armey's Leadership on Social Security & Express Support for Moving Forward With Necessary Reforms H.R. 1140: "Railroad Retirement and Survivors' Improvement Act" H.R. 1140 RSC Policy Brief; The House passed H.R. 1140 / vote: 384-33 July 31, 2001

Letter expressing concerns with H.R. 1140: from National Economic Council Director, Larry Lindsey, and Office of Management and Budget Director, Mitchell Daniels, Jr. sent to Ways and Means Committee Chairman, Bill Thomas.
The Heritage Foundation: Social Security
The National Center for Policy Analysis: mysocialsecurity.org

Tax Relief - Conference Report (5/29/01)
Summary of Major Provisions