Entitlements safe for now, but jobs remain key
The Academy's Senior Pension Fellow Frank Todisco discussed the 2010 Social Security trustees’ report. Todisco said that although the recession caused a shortfall in revenue, Social Security’s insolvency date is still estimated to be 2037 because of an indirect impact of a new tax in the health care reform law that could trim health insurance benefits and boost taxable wages, thus increasing Social Security revenue.