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What Would REALLY Happen Under Social Security Privatization? Part III: IRAs and 401(k)s You Can Not Control or Leave to Heirs
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Greg Anrig,
Bernard Wasow,
The Century Foundation,
12/10/2001
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Claims of enhanced control and ownership in Social Security privatization schemes are greatly exaggerated. The details provided in the privatization proposals put forward in Congress to date (in the cases where claims are backed by programmatic detail) demonstrate that workers would actually have little or no control over 1) how the assets are invested, 2) what would happen with the nest egg upon retirement, and 3) what would happen with any remaining assets upon death. Furthermore, if workers really were given the sort of control over individual accounts that supporters talk about, the safety net for families of workers and for long-lived old people would be significantly compromised.
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Download in PDF format
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Edition: paper
ISBN: ga-121001
Pages: 7
Price: Free
Ordering Information:
The Century Foundation
Barnes & Noble Amazon.com
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