Major proposals to reform social security
Article Abstract:
Proposals to reform Social Security are designed to eliminate the funding gap that the program would likely face over the next several decades as baby boomers begin to retire. Plans to privatize Social Security will supplement the current system, which pays guaranteed benefits, with a voluntary system enabling workers to shift part of their pay-roll contribution into government-managed personal investment accounts.
Publication Name: CQ Researcher
Subject: News, opinion and commentary
ISSN: 1056-2036
Year: 2004
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Eroding pensions
Article Abstract:
Many traditional pension funds are failing, threatening a major source of retirement income for most American workers. A study by Munnell of the Center For Retirement Research, documents the inability of 401(k)s and other defined-contribution plans to fill the gap created as private companies scale back or abandon their traditional pension programs.
Publication Name: CQ Researcher
Subject: News, opinion and commentary
ISSN: 1056-2036
Year: 2004
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