Carpenter Morse Group Inc.
Wespath Benefits and Investments
Abacus Retirement Solutions, LLC
Trucker Huss, A Professional Corporation
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|Structural Reform of Social Security|
National Bureau of Economic Research [NBER]
Feb. 8, 2005
Excerpt: Governments around the world have enacted or are currently considering fundamental structural reforms of their Social Security pension programs. The key feature in these reforms is a shift from a pure pay-as-you-go tax-financed system, in which taxes on current workers are primarily distributed to current retirees, to a mixed system that combines pay-as-you-go benefits with investment-based personal retirement accounts.
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