Customer Reviews

Prospects for Social Security Reform (Pension Research Council Publications)

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While the book provides an excellent background and a good assessment of likely options, it glossed over some considered politically unfeasible but which might be popular among the voters - for example, removing the cap on Social Security wages. It is clear the financial markets are dying to get their hands on the money. At the same time, most in the investment community don't want to create another board like CalPERS, which is active in corporate governance. Spinning out a portion to something like a defined contribution plan seems almost inevitable but is likely to result in higher administrative costs.