Robert M. Ball served on the six-member Advisory Council on Social Security from 1994-1996. He was the U.S. Commissioner of Social Security from 1962-1973 and is the founding chair of the
National Academy of Social Insurance.
There is no financial crisis in Social Security. But it does need adjustment. Three simple changes would reduce the projected Social Security 75-year deficit from 2.17 percent of payroll to about 0.80 percent. These changes would reduce benefits only an average of 3 percent below what present law provides and no Social Security tax increase would be required for 50 years. These changes would: