The Architect of Social Security
If you have ever wondered why the Social Security retirement age was set at 65, read on. The Robert J. Meyers, who made the policy has died, after having been eligible for 32 years of Social Security benefits. Meyers was one of the last New Dealers.
Bookmark and Share

 Robert J. Myers, an actuary who helped to create the Social Security program and to set America’s official retirement age at 65, died Feb. 13 at his home in Silver Spring, Md. He was 97.

In 1934, in the depths of the Great Depression, Mr. Myers was unexpectedly offered a six-week stint on the Committee on Economic Security, a Roosevelt administration panel that was drawing up blueprints for America’s first comprehensive social insurance programs.

“His name and career are inseparable from the history of Social Security,” said Jeremy Gold, an actuary in New York who is active in the profession’s intense, if esoteric, debates about how to measure the costs of an aging population.

The six-week job turned out to be a career that spanned decades and placed Mr. Myers at the center of America’s great debates about the government’s role in the economy and how to create public safety nets affordably. Actuaries measure risks, and for much of his career Mr. Myers was concerned with the risk that the government might build an old-age program that promised more than it could deliver.   More on an interesting life, here.

What Can You Do?
We're working to bring the financial truth to the elections, and we need your help!

 
Sign up today for e-letter updates and information on how you can get involved in Truth in Accounting.
Where does your presidential candidate stand?
 
Home | About | Facts | News | Videos | Blog | Contact | Donate | Privacy Policy

© 2008 TRUTH IN ACCOUNTING

Nology Interactive - Web Design - Hosting - IT Services