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| Letter to the Editor of (The Washington Post; free registration required): Avoiding Britain's Pension Problems The Washington Post; subscription may be required  [Opinion] Apr. 21, 2005 Excerpt: An April 11 Business story said that President Bush's Social Security proposal 'closely echoes' Britain's individual account system. However, Britain created a decentralized system in which individuals can choose from an almost limitless number of options in which to invest their state pension funds. This program is referred to as 'contracting out' and is made up of private accounts in the private sector with private investment firms. [John Shadegg, U.S. Representative (R-Ariz.)] |
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