Before then, Congress must take action to allow full benefits to be paid on time.
We are seeing the beginnings of Social Security reform legislation moving through the House of Representatives this year.
Bruce D. Schobel retired in 2012 as vice president and actuary of New York Life Insurance Company, which he joined in 1990. Before that, he was a principal of William M. Mercer, Inc., an actuarial consulting firm. During 1979-88, he was with the U.S. Social Security Administration in various actuarial and policy-development positions, including senior policy advisor to the Commissioner and staff actuary to the National Commission on Social Security Reform (the “Greenspan Commission”).
A frequent speaker and writer on tax and Social Security issues, Mr. Schobel’s papers and articles have appeared in The Wall Street Journal, Policy Review, The Journal of International Taxation and numerous actuarial publications.
A graduate of Massachusetts Institute of Technology, Mr. Schobel is a Fellow of the Society of Actuaries, a Member of the American Academy of Actuaries, a Chartered Life Underwriter, a Certified Employee Benefit Specialist and a Founding Member of the National Academy of Social Insurance. He was president of the Society of Actuaries during 2007-08 and has also served on the Boards of Directors of the American Academy of Actuaries and the Conference of Consulting Actuaries. For more than a decade, he chaired the Social Security Committee of the American Council of Life Insurers.
Moderator: Betty Meredith, CFA, CFP®, CRC®, Int’l Retirement Resource Center
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