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How Should We Insure Longevity Risk in Pensions and Social Security?
Jeffrey R. Brown, published by the Center for Retirement Research at Boston College
Aug. 18, 2000
Excerpt: While many economic and political issues are relevant to this debate, it is important not to forget that one essential element of ensuring lifelong, retirement income security is to provide adequate insurance against the financial risks of longevity. Regardless of whether Social Security in the year 2050 more closely resembles the existing system or an individual accounts system, the provision of inflation-protected, annuitized income should continue to play a central role.
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