| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w6970 |
| 来源ID | Working Paper 6970 |
| Reforming Social Security: A Practical and Workable System of Personal Retirement Accounts | |
| Fred T. Goldberg, Jr.; Michael J. Graetz | |
| 发表日期 | 1999-02-01 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | This paper details a method for implementing personal retirement accounts (PRAs) as a part of Social Security reform. The approach described here answers the following questions: how funds are collected and credited to each participants' retirement account; how money is invested; and how funds are distributed to retirees. It is designed to accommodate a variety of answers to a wide range of important policy questions; to minimize administrative costs and distribute those costs in a fair and reasonable way; to minimize the burden on employers, especially small employees who do not now maintain a qualified retirement plan; and to meet the expectations of Americans for simplicity, security, control, and independence in ways that are easy to explain and to understand. The system we describe relies on existing payroll and income tax mechanisms for collecting PRA funds and crediting PRA accounts. It provides two basic options for investments: (i) a simply system involving a limited number of funds sponsored by the Social Security Administration and managed by private companies, and (ii) privately sponsored funds with additional investment choices. It also provides two distribution alternatives if distributions are required to be annuitized: (i) an increase in Social Security benefits, and (ii) inflation-protected annuities provided directly to retirees by private companies. |
| URL | https://www.nber.org/papers/w6970 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/564485 |
| 推荐引用方式 GB/T 7714 | Fred T. Goldberg, Jr.,Michael J. Graetz. Reforming Social Security: A Practical and Workable System of Personal Retirement Accounts. 1999. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w6970.pdf（1459KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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