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.

Evaluation, Privatization, Privatization (Business), Social security reform

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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.

Pension, health, and welfare funds, Pension Funds & Benefit Plans, Pension Funds, Retirement income

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