Social Security Trustee To Release New Findings

Education Penalized; Investment Preferred to Debt Reduction; Blacks Fare Better than Whites

Washington, D.C. (January 16,2001) — The National Center for Policy Analysis (NCPA) will release two major studies in its series of reports on Social Security at a Wednesday morning media breakfast at the Old Ebbitt Grill in Washington, D.C. The new studies report on rate of returns from Social Security and how the costs and benefits of participation vary by education, race, marital status, etc. Also, there will be a comparison between investing the Social Security surplus versus buying down debt

Dr. Tom Saving, Texas A&M economics professor, supervised the studies conducted by his colleague and NCPA senior fellow, Dr. Andrew Rettenmaier. Dr. John Goodman, who has led the campaign for Social Security reform from nearly two decades and sponsored the studies, also will participate. In addition, the three economists will explain on NCPA's one-of-a-kind econometric model-designed by Saving and Rettenmaier-that enables the NCPA to analyze the effects of any and all Social Security reforms before Congress and the Bush Administration.

WHO: Dr. Tom Saving, Trustee, Social Security & Medicare Trust Funds; Dr. Andrew Rettenmaier, NCPA Senior Fellow, Private Enterprise Research Center; Dr. John C. Goodman, NCPA President

WHAT: Media Breakfast On Social Security — Release Of Two Major Social Security Studies

WHEN: 8:30 AM EST — Wednesday, January 17, 2001

WHERE: Cabinet Room, Old Ebbitt Grill