Social Security/Medicare Trustees

History of the Boards of Trustees and the Public Trustee Positions of the Social Security & Medicare Trust Funds

September 16, 1988

Monticello Room
Madison Hotel

15th and M Streets, N.W.
Washington, D.C.
9:00 a.m. Welcoming Remarks - Suzanne Denbo Jaffe and Mary Falvey Fuller, Public Trustees

Introductory Remarks - Dorcas R. Hardy Commissioner of Social Security
9:15 a.m. PANEL ONE: Brookings and Lewin-ICF Reports

: Louis D. Enoff, Social Security Administration
Presenter: Joseph M. Anderson, Lewin-ICF, Inc.
Lewin-ICF Report: "Fiscal and Economic Implications of the Trust Fund Build-up"
Presenter: Gary T. Burtless, Brookings Institution
Brookings Report: "Fiscal and Economic Implications of the Trust Fund Build-up"
9:50 a.m. General Discussion
10:00 a.m. BREAK
10:15 a.m. PANEL TWO: The Projected Trust Fund Build-up: Fiscal and Economic Issues.
Issues Include: Social Security and the Federal Budget: national saving, capital formation, and economic growth; capital markets.)

Chair: Carl J. Dahlman, Department of Health and Human Services
Presenters: Robert Eisner, Northwestern University
Herman B. Leonard, Harvard Kennedy
Panelists: Joseph M. Anderson, Lewin-ICF, Inc.
Barry P. Bosworth, The Brookings Institution
Stephen J. Entin, Institute for Research on the Economics of Taxation
Sherwin Rosen, University of Chicago
Lawrence H. Summers, Harvard University
11:30 a.m. General Discussions
12:00 noon BREAK
12:30 p.m. LUNCH
2:00 p.m. PANEL THREE: The Projected Trust Fund Build-up: Social Security Issues.
Issues Include: Alternative investment strategies; PAYG vs. partial funding and equity issues.

Chair: Michael C. Carozza, Social Security Administration
Presenters: Alicia H. Munnell, Federal Reserve Bank--Boston Carolyn L. Weaver, AEI for Public Policy Research
Panelists: Henry J. Aaron, The Brookings Institution
Donald W. Moran, Lewin-ICF, Inc.
William Nordhaus, Yale University
A.Haeworth Robertson, The Retirement Policy Institute
Dallas Salisbury, Employee Benefit Research Institute
3:15 p.m. General Discussions
3:45 p.m. Concluding Remarks - Mary Falvey Fuller and Suzanne Denbo Jaffe, Public Trustees
4:00 p.m. ADJOURN