Greenspan Commission



The National Commission on Social Security Reform (informally known as the Greenspan Commission after its Chairman) was appointed by the Congress and the President in 1981 to study and make recommendations regarding the short-term financing crisis that Social Security faced at that time. Estimates were that the Old-Age and Survivors Insurance Trust Fund would run out of money possibly as early as August 1983. This bipartisan Commission was to make recommendations to Congress on how to solve the problems facing Social Security. Their report, issued in January 1983, became the basis for the 1983 Social Security Amendments which resolved the short-term financing problem and made many other significant changes in Social Security law.

Basic Report:
Members of the National Commission

Letter of Transmittal to The President

Chapter 1- Introduction

Chapter 2- Findings and Recommendations

Chapter 3- Financing Problems of the Medicare Program

Chapter 4- Additional Statements

A. Executive Order 12335 Establishing the NCSSR and Executive Orders 12397 and 12402 Modifying the Reporting Date

B. President's Remarks Announcing the Establishment of the NCSSR

C. Charter of the NCSSR

D. President's Letter to the Chairman and the Commission Members

E. List of Meetings of the NCSSR

F. List of Staff Memorandums Prepared for the NCSSR

G. Papers presented to the NCSSR

H. Staff of NCSSR

I. Glossary

J. Financial Status of the Social Security Program

K. "Old-Age, Survivors, and Disability Insurance and Hospital Insurance Programs -- Actuarial Cost Estimates for OASDI and HI and for Various Possible Changes in OASDI and Historical Data for OASDI and HI", Background Book, revised version, December 1982.