Currently, payroll taxes generate enough revenue to cover the current beneficiaries.
And if we don't gradually reform the system while protecting current beneficiaries, it won't be there when future retirees need it.
And in that case, the community would either have to increase its development budget or redistribute existing resources to the detriment of the current beneficiaries.
This is unacceptable and will put current and future beneficiaries in jeopardy.
Senate Republican leaders said the changes would help solve Medicare's financial problems, preserving the program for current beneficiaries and for baby boomers.
The money that is not needed immediately to provide for current beneficiaries now goes entirely into Treasury securities, which have tended to perform worse than stocks.
After all, 90 percent of all Social Security contributions are now paid out to current beneficiaries.
As for the latter, the current beneficiaries will see their access considerably reduced.
All current beneficiaries must switch to electronic payments by March 1, 2013.
An owner wants to change the current beneficiary to a co-owner.