Aging costs will bring benefits cuts, payroll taxes

Smolkin, Sheryl
September 2006
Employee Benefit News;Sep2006, Vol. 20 Issue 11, p44
The article reports on the possibility that the U.S. investment rating could drop to speculative grade by 2025 unless the government implement some combination of benefit cuts and tax increases. The claim was based on the series of Global Graying Reports released by Standard & Poor's. The implications of aging for fiscal credit ratings are assessed. Several recommendations are presented for the U.S. government to retain its top-tier investment rating.


Related Articles

  • S&P: Illinois must act now. Investor's Business Daily // Investors Business Daily;4/11/2014, pA02 

    The rating agency said the state was approaching a "critical juncture" and the next 50 days will be "pivotal" for it to get its fiscal house in order. Ill. now has the lowest credit rating of any state due to chronic underfunding of employee benefits, delayed vendor payments and a sluggish economy.

  • Tax court guidance regarding welfare benefit plans. Lipoff, Lawrence M.; Kramer, Eric M. // CPA Journal;Oct98, Vol. 68 Issue 10, p62 

    Focuses on tax court rulings regarding welfare benefit plans in the United States. Use of welfare benefit plans to provide death benefits; Specific requirements for ten or more employer plans; Issue on which type of employers can participate.

  • Focus on Taxes: a checklist.  // Banking;Aug78, Vol. 70 Issue 8, p16 

    Presents news on taxation in the U.S. as of August 1978. Reform proposals for the tax program; Information on the decision of U.S. Supreme Court which impacts the privacy of bank consumer records in Internal Revenue Service investigations; Taxation of employee fringe benefits.

  • All that glitters. Elswick, Jill // Employee Benefit News;Jan2002, Vol. 16 Issue 1, p19 

    Reports that the popularity of cosmetic dentistry has expanded to employee benefits offerings in the United States. Factors attributed to the popularity; Tax implications of including cosmetic dentistry in an employee benefit program; Way in which employers can offer cosmetic dentistry in...

  • REPORT OF THE COMMITTEE ON EMPLOYEE BENEFITS. Meyer, Robert L. // Tax Lawyer;Summer69, Vol. 22 Issue 4, p730 

    Focuses on the committee on employee benefits of tax section in the United States. Establishment of general subcommittees and special committees; Monitor of cases on professional corporations; Impact of amended regulations.

  • Flat tax could derail employee benefit gravy train. Fisher, Mary Jane // National Underwriter / Property & Casualty Risk & Benefits Manag;1/29/96, Vol. 100 Issue 5, p14 

    Discusses the effect to employee fringe benefits of a tax reform proposal being advanced by some candidates for the Republican presidential nomination. American Academy of Actuaries' warning that pensions maybe jeopardized; Proposals by the Kemp Commission.

  • LETTERS.  // Clergy Journal;Feb2002, Vol. 78 Issue 4, p28 

    Answers several questions on employee benefits, taxation and other issues in the U.S. Explanation on saving extra taxes a year; Depreciation of a rental house; Use of standard mileage rate to deduct driving cost for two cars.

  • NEWS IN BRIEF. Floyd, Daniel F.; Ferris, Craig T.; Siegel, Gary E. // Bond Buyer;01/26/2001, Vol. 335 Issue 31065, p2 

    Reports various developments in the United States as of January 2001. Purpose of the tax cuts endorsed by Federal Reserve chairman Alan Greenspan; Rise in employee compensation costs in the fourth quarter; Completion of debt-buyback operation by the Treasury Department.

  • Social Security trust funds and Grandma's bed. Robinson, Elton // Southeast Farm Press Exclusive Insight;5/31/2012, p5 

    The article focuses on a U.S. government annual report which estimated that Social Security trust funds will be exhausted in 2033, three years earlier than projected. Actions that the government should take to keep it going include raising taxes, cutting benefits or borrowing or printing more...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics