The promise to guarantee Social Security for all Americans must be kept. AMAC has examined the many proposed solutions presented in the Intermediate Assumptions portion of recent Trustees Reports and selected the alternatives we feel are best suited to save Social Security’s retirement trust fund. We have combined these selected assumptions with several other recommendations to achieve what is the best path to long-term trust fund solvency without raising taxes.
AMAC’s proposal has three Prime Directives:
- Guarantee an annual increase in benefits for all, with emphasis on those with lower earnings.
- Guarantee achieving solvency and ensure benefits continue.
- Provide a means for all earners to have more income available at retirement through a complementary or supplemental Social Security Plus account.
We believe the proposal presented here succeeds in achieving all of these directives.