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Is plan about privatizing Social Security?

A recent letter to the editor made a logical case for risk investment to maintain solvency for the Social Security Trust Fund citing the ERISA legislation and the Pension Benefit Guarantee Corporation which (in principle) work to grow funds rather than stagnate and thus depreciate due to inflation. ....

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Australia's Privatized Retirement System: Lessons for the UnitedStates

Like the United States, Australia has been confronted by a dual crisis in its government-run old-age pension system. Benefits payments to an aging population threatened to consume ever larger amounts of Australia's budget according to projections in the 1980s, yet the Australian Social Security system clearly was unable to provide an adequate income for retirees. ....

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