Under a fully funded Social Security system
, people fund their own retirement by the amounts they actually contribute to their personal accounts," Ehrlich explains.
Any change to the Social Security system
could produce serious effects for lots of Americans, especially the elderly.
Thus, instead of relying completely on the Social Security system
for retirement incomes, workers will have the ability to gain a perhaps higher level of interest from their private investments.
South Africa's current social security system
is dogged with problems and contradictions.
But now, when payroll taxes are no longer projected to be sufficient to pay even currently legislated benefits, moving toward a system of general revenue finance raises the concern that the fiscal discipline of the current social security system
could be reduced.
The principal goals of this article are to describe the basic differences between these two types of social security system
, to indicate why these differences are important, and to explain, using Mexico as an example, why it may be surprisingly difficult to determine which type of system a country actually has.
An expansion of the pay-as-you-go social security system
benefits current urban retirees, and may solve the social security payment problem faced by many state enterprises.
Feldstein and Ranguelova explore the risk aspects of a fully phased-in investment-based Social Security system
And as with most witch-hunts, the constant Sturm und Drang of media hoopla functions as a contemporary incarnation of ancient Rome's bread and circuses, concealing far more important issues like crime, foreign policy, a failing Social Security system
A bipartisan group is seeking to jumpstart efforts to deal with the looming insolvency of the nation's Social Security system
by imposing new, unfunded federal mandates on cities and towns and by increasing federal spending by more than $65 billion.
And one year from now, I will convene the leaders of Congress to craft historic bipartisan legislation to achieve a landmark for our generation: a Social Security system
that is strong in the 21st century.
There were reasons FDR started the Social Security system
with a payroll tax back in the 1930s.