Policy Forum

Progressive Price Indexing for Social Security: What It Is, What It Isn’t

May 23, 2005 4:00 PM to 5:30 PM EDT

1st floor/Wintergarden

Featuring Robert Pozen, Chairman, MFS Investment Management, Member, President’s Commission to Strengthen Social Security; Jason Furman, Adjunct Professor, New York University; David John, Research Fellow, Thomas A. Roe Institute for Economic Policy Studies, The Heritage Foundation, and moderated by Michael D. Tanner, Director of Health and Welfare Studies, Cato Institute

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President Bush has endorsed a proposal to slow the growth in future Social Security benefits for middle‐ and upper‐​income retirees by changing the benefit formula from wage indexing to price indexing. Critics charge that such a change will weaken Social Security’s foundations while hitting the middle class hardest. Supporters claim it is a fair way to bring Social Security’s promised benefits in line with what can actually be paid. Join us as Robert Pozen, author of the progressive price‐​indexing concept, and two other experts discuss the impact of this proposal.