A targeted minimum benefit plan: A new proposal to reduce poverty among older Social Security recipients a targeted minimum benefit plan
P Herd, M Favreault, MH Meyer… - RSF: The Russell Sage …, 2018 - rsfjournal.org
In recent years, the big news in Social Security reform has been the program's fiscal
concerns. In light of concerns about both program costs and benefit adequacy, we propose
an effective and relatively inexpensive targeted program to provide a minimally adequate
floor to old-age income through the Social Security system. This minimum benefit plan would
provide a cost-effective method for reducing elder poverty to very low levels. A key element
is that the benefit would not count toward income eligibility thresholds for other social …
concerns. In light of concerns about both program costs and benefit adequacy, we propose
an effective and relatively inexpensive targeted program to provide a minimally adequate
floor to old-age income through the Social Security system. This minimum benefit plan would
provide a cost-effective method for reducing elder poverty to very low levels. A key element
is that the benefit would not count toward income eligibility thresholds for other social …