Entitlement Reform and the Future of Pensions

Published in Mitchell, O. and R. Shea (Eds.) (2016). Reimagining Pensions: The Next 40 Years. Oxford, UK: Oxford University Press.

Pension Research Council WP 2014-08

Posted: 14 Nov 2014 Last revised: 3 Apr 2020

See all articles by C. Eugene Steuerle

C. Eugene Steuerle

Urban Institute

Benjamin H. Harris

Brookings Institution

Pamela J. Perun

Women’s Institute for a Secure Retirement

Date Written: September 1, 2014

Abstract

Reform of retirement and health care entitlements is inevitable, but its ultimate format remains uncertain. Any entitlement reform should take advantage of the additional resources provided by economic growth and the rise in demand for and supply of older workers. Recognizing the potential from those two forces argues for constructing reforms aimed largely at three goals: better orientation of public-sector retirement resources to needier and older populations; removal of obstacles to increased employment of older workers; and private-pension reform that provides the long-sought second tier of support in older ages.

Keywords: Federal budget, entitlements, pension reform, Social Security, Medicare, healthcare, health cost growth

Suggested Citation

Steuerle, C. Eugene and Harris, Benjamin H. and Perun, Pamela, Entitlement Reform and the Future of Pensions (September 1, 2014). Published in Mitchell, O. and R. Shea (Eds.) (2016). Reimagining Pensions: The Next 40 Years. Oxford, UK: Oxford University Press., Pension Research Council WP 2014-08, Available at SSRN: https://ssrn.com/abstract=2523088 or http://dx.doi.org/10.2139/ssrn.2523088

C. Eugene Steuerle (Contact Author)

Urban Institute ( email )

2100 M Street, NW
Washington, DC 20037
United States
202-857-8545 (Phone)

Benjamin H. Harris

Brookings Institution ( email )

1775 Massachusetts Ave. NW
Washington, DC 20036-2188
United States

Pamela Perun

Women’s Institute for a Secure Retirement ( email )

1140 19th Street, N.W. Suite 550
Washington, DC 20036
United States

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