United States Senate Special Committee on Aging
Hearings

THE STOCK MARKET AND SOCIAL SECURITY: THE RISKS AND THE REWARDS

April 22, 1998


The Committee will examine whether the stock market could have a role in saving Social Security. The Committee will release a General Accounting Office report that examines the issue and will hear testimony from experts on which stock investing approach would be best.



Date: April 22, 1998
Time: 1:00 pm
Room: 628 Dirksen


Statements of Committee Members

  1. Senator Chuck Grassley, Chairman, Iowa
  2. Senator John Breaux, Ranking Member, Louisiana

Witness Testimony Panel 1
  1. Barbara Bovbjerg, Associate Director, Income Security Issues, General Accounting Office, Washington, D.C.
  2. Bruce Maclaury, Chairman, Subcommittee on Social Security Reform, Committee for Economic Development, Washington, DC
  3. Alicia Munnell, former Member, Council of Economic Advisors; Peter F. Drucker Professor of Management Sciences, Boston College Boston, MA

Witness Testimony Panel 2
  1. Olivia S. Mitchell, Co-Chair, Social Security Advisory Council Technical Panel: Professor of Insurance and Risk Management, Wharton School of the University of Pennsylvania, Philadelphia, PA
  2. James Phalen, Managing Director, Retirement Investment Services; Executive Vice President, State Street Global Advisors, Boston, MA
  3. Louis Enoff, Former Commissioner, Social Security Administration; Enoff Associates, Ltd, Sykesville, MD

Hearing Publications
  • Committee on Aging Print: 105-20