| Media
Contacts:
Dr. Robert Clark,
919/515-4568
Sara Frisch,
College of Management communications, 919/513-4478
Jan.
15, 2003
NC
State Economist to Lead National Social Security Panel
FOR
IMMEDIATE RELEASE
|
Dr.
Robert Clark, a noted retirement economist at
North Carolina State University, has been appointed
by the Social
Security Advisory Board to lead an important
committee that could influence the future of social
security policy. Clark will chair the 2003 Technical
Panel on Assumptions and Methods, a panel that
will review the assumptions and methodology for
protecting the financial status of social security.
Created
in 1994, the Social Security Advisory Board advises
the executive and legislative branches of government
about policies regarding the solvency of social
security trust funds. The board appoints a technical
panel every four years to examine the assumptions
and methodology that are used by fund trustees
in projecting the financial status of those funds.
|
Dr.
Robert Clark
|
As
chair, Clark will convene a panel of academics, actuaries
and officials. They are expected to issue a report in
September to the trustees of the Old Age, Survivors
and Disability Insurance (OASDI) Trust Funds. The trustees
include the U.S. secretaries of Treasury,
Labor,
and Health
and Human Services, as well as the commissioner
of the Social
Security Administration.
Each year the trustees submit a report
that describes the actuarial balance of the trust funds
over the next 75 years. This report indicates the size
of the trust funds, the date at which the funds might
be exhausted, and the size of the long-run deficit as
a percent of payroll.
Clark,
a professor of economics
and business
management, has researched social security, retirement
benefits and the economics of aging for more than 25
years. His research has been sponsored by the National
Science Foundation, the Social
Security Administration, the
Department
of Labor, the National
Institute on Aging, and the National Commission
on Employment Policy, among other organizations.
In 1999, Clark testified before the
U.S. Senate Special Committee on Aging about the gender
equity issues of individual retirement accounts. In
1994-95, he was a member of the Technical Panel on Trends
and Issues in Retirement Savings for the advisory board.
Clark frequently lectures on retirement, social security
and aging to academic, government and nonprofit groups
around the world.
-
frisch -
|
Raleigh,
NC 27695
