Greenspan Commission

The Greenspan Commission, officially called the National Commission on Social Security Reform, was established in 1981 to address the financial challenges facing the Social Security system in the United States. It was led by Alan Greenspan and recommended a series of policy changes, including gradually increasing payroll taxes and raising the retirement age, to ensure the program's long-term sustainability. The commission's reforms helped stabilize Social Security finances and served as a foundation for ongoing efforts to maintain the program's viability for future generations.