Feature

Wednesday, November 12, 2008

NCPA To Unveil New Online Social Security Calculator

That May Help Your  Analysis of the Proposals

            Highly Sophisticated Tool Personalizes Reform Debate,
            Makes Projections for Leading Congressional Proposals

    Amid a growing debate between Gov. Bush and Vice President Al Gore
on Social Security reform, the National Center for Policy Analysis (NCPA)
will unveil a new online Social Security benefits calculator Monday, May 22,
at the National Press Club to help illustrate what Social Security reform
really means to average Americans.
    NCPA president John Goodman and Texas A&M researchers will provide
demonstrations of how the calculator works. The NCPA will also present new
information on the declining rates of return paid by Social Security, and will
offer a comparative analysis of the three major reform proposals before
Congress.
    The NCPA's calculator, for the first time anywhere, uses census data of
almost 500 occupations to help project the user's future income growth,
providing the most accurate benefit projection available, including
projections made by the Social Security Administration, especially for younger
workers.
    The NCPA's calculator shows users:

    *  What you are likely to pay in Social Security taxes.
    *  How much you are likely to receive in benefits.
    *  What you could have received if those taxes had been conservatively
       invested in a private account.
    *  What rate of return you can expect from the current system.
    *  What the payroll tax rate will have to be at the time of your
       retirement to pay for Social Security, Medicare and other elderly
       benefits.

  Web site:  http://www.ncpa.org/