|
Social Security Reform Check List #1
The Robert M. Ball Plan
|
|
The Century Foundation,
The Century Foundation,
12/10/1998
|
A summary of Robert M. Ball’s plan to reform Social Security. The former commissioner of Social Security advocated in 1999 a plan that retained the system’s structure while making a series of adjustments to assure its long-term financial integrity and giving wage earners a way to save additional money for retirement. The Ball plan would invest a portion of the Social Security trust funds in private equities. Average benefits would decrease slightly because the number of working years counted to determine benefit levels would rise from 35 to 38. The real change would be structural: by 2015, 50% of the trust funds’ assets would be invested in a broad index of equities, overseen by a Federal Reserve-type board.
|
Download in PDF format
|
Edition: Online
ISBN: cf-121098
Pages: 3
Price: Free
Ordering Information:
The Century Foundation
|
|
|
|
