A social security reform proposal Available to Purchase

Identifies three “pillars” of US retirement benefits policy (savings, redistribution and insurance) and outlines the legislative development of private pensions since the 1920s. Supports reform of the social security system and proposes that employee contributions should be held in privately managed, government qualified accounts while employer contributions should continue to be used by the federal government to help low earners. Calculates the final values arising from three different levels of contribution for buying a qualified minimum benefit retirement annuity. Discusses some features of this idea in greater detail, shows how it relates to the three “pillars” and believes it could reduce the burden of social security on employers.