Prospects for social security and retirement reform

Article Abstract:

This discussion of the likelihood of Social Security and retirement benefit reforms in the US concludes that any reform will be incremental unless there is a crisis in the system, and that incremental change will be in the direction of less paternalism and greater individual choice. Because of the split political parties at the federal level, dramatic change remains unlikely. One way President George W. Bush could make a significant change in pension policy is to enact a flat tax or a consumption tax, which would diminish or eliminate tax advantages of tax-sheltered savings and capital accumulation.

Evaluation, Tax law, Bush, George W.

---

The market for individual life annuities and the reform of social security: An update and further analysis

Article Abstract:

This study finds good arguments for a Social Security system utilizing individual accounts and requiring annuitization of these accounts at the time of retirement. In comparing the proposed system with the current Social Security systems, the use of several existing types of individual immediate life annuities offers greater freedom in investment and deals with issues of fairness while allowing for bequests. Rough calculations indicate that diversion of 2% of payroll taxes to fund individual accounts could result in a viable system.

Methods, Retirement planning, Annuities

---

Social security - retirees can't live without it, it can't survive without reform

Article Abstract:

The issues presently affecting the US Social Security system need a thorough look through if effective reforms are to be institutionalized. The retired public's need for Social Security has made the issue of the system's reform an important pillar of American politics. The importance of Social Security reform is reflected in a Benefits Quarterly 1996 Retirement Confidence Survey revealing that 68% of the population viewed entitlement programs unfavorably, versus only 22% who saw entitlement plans as favorable.

Surveys, Public opinion, Employee Benefit Research Institute

Similar abstracts:

• Abstracts: EC race law agreement. Directive would bar sexual harassment. ECJ backs positive discrimination
• Abstracts: Council: December social affairs council. Social policy state of play. Social Council reaches agreement on race Directive
• Abstracts: Expatriate or local bosses? HCN subordinates' preferences in leadership behaviour. Psychological barriers to adjustment and how they affect coping strategies: Western business expatriates in China
• Abstracts: Peripheral location equals localized labour? Multinationals and the internationalization of training and development in Ireland
• Abstracts: The role of inpatriation in global staffing. The changing role of the corporate HR function in global organizations of the twenty-first century

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.