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New GAO Reports: Warfighter Support, Retirement Income

  • Warfighter Support: Improvements to DOD’s Urgent Needs Processes Would Enhance Oversight and Expedite Efforts to Meet Critical Warfighter Needs, GAO-10-460, April 30, 2010
  • Retirement Income: Challenges for Ensuring Income throughout Retirement, GAO-10-632R, April 28, 2010: “For the first time since 1983, the Social Security trust funds are currently paying out more in benefits than they are receiving through payroll tax revenue, but trust fund interest income more than covers the difference, according to the Social Security Administration.9 Additionally, the Social Security trust funds will be able to pay all promised benefits for about another 27 years, according to the 2009 report of the Social Security trust fund’s Board of Trustees. At that time, the Social Security trust funds are forecasted to be able to pay only 76 percent of scheduled benefits. However, Social Security reforms could eliminate or reduce the size of this reduction in scheduled benefits through measures to increase expected revenue or decrease the expected growth of benefits.”

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