America's golden opportunity
Article Abstract:
The US needs to reform its Social Security pension system due to the ageing of the population and the increased demand for pension payments. There is an opportunity to keep benefits stable without increasing taxes, arising from forecast budget surpluses. New personal retirement accounts can be funded from some of the surplus. President Clinton has suggested a plan that does not make major changes, or protect benefits or prevent taxes from having to be raised. Personal retirement accounts can help employees on low and middle incomes by avoiding tax increases that would hit them.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
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The perils of privatisation
Article Abstract:
There is a move in favor of privatization as part of US social security reform. There are some limitations to privatization, however. It is not the same as developing retirement funds in advance, and prefunded schemes can be run either by governments or by the private sector. Privatization will also not solve existing funding problems arising from demographic change which are leading to an increase in the proportion of pensioners to workers. The funding position could be worsened by privatization if contributions to the existing pension system are reduced.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1998
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Straight talk on Social Security
Article Abstract:
Plans to reform US pensions and the social security system are examined in detail. The Social Security commission is to hold an initial meeting in Jun 2001.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2001
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