Military Librarians Workshop, 18-20 Nov 97, Dayton Marriott Hotel, Dayton, Ohio

DD: Many critics and supporters of the Social Security Program say something needs to be done to prevent the failure of the Social Security system due to the explosion of Baby Boomer retirements in the 21st Century. Others question the basis or fundamentals of funding the retirement system. A series of options are being considered to solve "the problem." How serious is the problem? A closer look at the problems should help answer many of the questions and concerns. We will explore these issues from a realistic approach to help ease your concerns.

MLW notes: This is a very short-term concern with a small window of being "in the red" for the Social Security system. As baby boomers move through and die the system will be very soon again solidly in the black.

* Will Retirement Systems as we know them today be changing?

DD: The past approach to retirement was heavily employer-oriented with different types of "Defined Benefit" plans. More employers are now leaning towards "Defined Contribution" systems. We will discuss the impact and concerns over this new trend in retirement options on the individual employee.

MLW notes: Employees have more options and more decisions, and thus more responsibility, for their retirement planning.

* How will various Federal Benefits Change in the future?

DD: Many congresspersons and critics of the federal retirement systems are demanding changes. Let us explore these proposed changes; the fundamental reasons for the concerns; and the merits of these proposed changes. How will these changes impact on the individual employee as well as the general public?

* How can You use Your Benefits today?

DD: Many employees seem to overlook the way they can utilize their employer-provided benefits today instead of just thinking about "retirement." Let's explore the current disability, survivor, investment options, and educational benefits now available.

MLW notes: Discussion of federally-paid education for current employees, value of accrued sick leave in the future for various classes of employees: general idea is to get it while the getting is good, use it while the using is good.

* How can You prepare for the Future and Future Changes?

DD: Employees who take an active interest in their benefits and their financial futures will be in the best situation if some of the critics are correct and in an even better position if the critics are wrong. We will review the basic protection, prevention, and aggressisve steps to consider for you to be better prepared.

MLW notes: Save now all possible funds, both pre-tax and after-tax.

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