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Individual Accounts For Social Security Reform

Individual Accounts for Social Security Reform PDF
Author: John Andrew Turner
Publisher: W E Upjohn Inst for
Release: 2006
Size: 79.70 MB
Format: PDF, ePub
Category : Political Science
Languages : un
Pages : 195
View: 137

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Individual accounts can be categorized with respect to the incentive for their provision or with respect to their relationship to social security pensions. Combining these two approaches, social security reform using individual accounts can occur five different ways: (1) voluntary carve-outs that partially replace social security, (2) voluntary carve-outs that fully replace social security, (3) mandatory add-ons to social security through legal requirements, (4) mandatory carve-outs that partially replace social security, (5) mandatory carve-outs that fully replace social security. Of these approaches, this book, in the context of possible U.S. reforms, focuses on three: voluntary carve-outs that partially replace social security, mandatory add-ons, and mandatory carve-outs that partially replace social security. One of the themes of the book is that the effects of individual accounts depend on which type of accounts are being considered. It is important to distinguish between add-ons and carve-outs. Another dimension of the structure of individual accounts is their financial management. For either add-on or carve-out accounts, individual accounts can be managed at least three ways: the Chilean model, the Australian model, and the Swedish model. This book focuses on the Chilean and Swedish models of financial management as being the approaches most relevant for the United States to consider.

Individual Accounts For Social Security Reform

Individual Accounts for Social Security Reform PDF
Author: John A. Turner
Publisher: W.E. Upjohn Institute
Release: 2006
Size: 29.84 MB
Format: PDF
Category : Political Science
Languages : en
Pages : 195
View: 6844

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Individual accounts can be categorized with respect to the incentive for their provision or with respect to their relationship to social security pensions. Combining these two approaches, social security reform using individual accounts can occur five different ways: (1) voluntary carve-outs that partially replace social security, (2) voluntary carve-outs that fully replace social security, (3) mandatory add-ons to social security through legal requirements, (4) mandatory carve-outs that partially replace social security, (5) mandatory carve-outs that fully replace social security. Of these approaches, this book, in the context of possible U.S. reforms, focuses on three: voluntary carve-outs that partially replace social security, mandatory add-ons, and mandatory carve-outs that partially replace social security. One of the themes of the book is that the effects of individual accounts depend on which type of accounts are being considered. It is important to distinguish between add-ons and carve-outs. Another dimension of the structure of individual accounts is their financial management. For either add-on or carve-out accounts, individual accounts can be managed at least three ways: the Chilean model, the Australian model, and the Swedish model. This book focuses on the Chilean and Swedish models of financial management as being the approaches most relevant for the United States to consider.

Saving Social Security

Saving Social Security PDF
Author: Peter A. Diamond
Publisher: Brookings Institution Press
Release: 2006-05-25
Size: 78.31 MB
Format: PDF, Docs
Category : Political Science
Languages : un
Pages : 294
View: 7218

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New in Paperback. While everyone agrees that Social Security is a vital and necessary government program, there have been widely divergent plans for reforming it. Peter A. Diamond and Peter R. Orszag, two of the nation's foremost economists, propose a reform plan that would rescue the program both from its projected financial problems and from those who would destroy the program in order to save it. Since the publication of the first edition of this book in 2004, the Social Security debate has moved to the center of the domestic policy agenda. In this updated edition of Saving Social Security, the authors analyze the Bush Administration's proposal for individual accounts and discuss the so-called "price indexing" proposal to restore long-term solvency through changing how initial benefits would be calculated. Soc ial Security is essis essential reading for policymakers involved in reform, analysts, students, and all those interested in the fate of this safeguard of American lives. "An honest, transparent and comprehensive approach to making the much needed reforms to the Social Security program."—Journal of Pensions, Economics, and Finance "Very accessible presentation of facts, analysis of underlying problems, comparison of opinions, and argument for proposed reforms."—Future Survey Exhaustively researched and deeply entrenched in practical issues and mathematical calculations... a highly recommended ray of hope against a looming national crisis." —Wisconsin Bookwatch "Diamond and Orszag bring some welcome realism and decency to the debate."—Robert M. Solow, Institute Professor Emeritus, Massachusetts Institute of Technology, Nobel Laureate in Economics

Social Security Reform

Social Security Reform PDF
Author: United States. General Accounting Office
Publisher:
Release: 1999
Size: 14.65 MB
Format: PDF, Kindle
Category : Deferred compensation
Languages : un
Pages : 56
View: 7455

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Social Security Reform

Social Security Reform PDF
Author: Barbara D. Bovbjerg
Publisher: DIANE Publishing
Release: 2000-04-01
Size: 11.10 MB
Format: PDF
Category : Political Science
Languages : un
Pages : 56
View: 3626

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A wide variety of proposals to reform the current Social Security program is being discussed. One is to create a system of individual accounts (IA), but this would entail difficult concerns. These include: how to finance the accounts & how the accounts would affect the economy & program solvency, as well as program benefit issues, such as how to balance opportunities for improved individual investment returns with the need to maintain an adequate income for those who rely on Social Security the most. No less important is the need to consider how individual accounts could be implemented & administered. This report focuses on the design & implementation of an individual accounts system. Charts & tables.

Countdown To Reform

Countdown to Reform PDF
Author: Henry J. Aaron
Publisher:
Release: 1998
Size: 18.12 MB
Format: PDF, ePub, Mobi
Category : Baby boom generation
Languages : un
Pages : 195
View: 1632

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Will the baby boomers' retirement cause Social Security to collapse? Would benefits be larger and safer if Social Security were "privatized" by scrapping the current system in favor of individually owned private accounts? Who would gain and who would lose from the various reform plans now under discussion? In this book, two of the nation's most widely respected economists argue that the Chicken Little view, that future costs doom the current system, is exaggerated. They thoughtfully analyze various proposals for "saving" Social Security and present their own recommendations for reform.