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The quickest, most effective plan would be an opt-out plan that involves cutting benefits promised to Social Security. This would make it possible to back up money in the Social Security fund for the future. Retirees object to this plan because it simply will not cover the future rises in the cost of living and because it breaks promises of benefits to current and future recipients (Shipman)...
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As no political leader could support this plan and still hope for a chance at reelection, many people are leaning towards the other route, a phase-out plan. A phase-out would cut promises of increases in benefits and save money by raising the age of retirement. This plan sounds much better, but increased benefits are based on inflation and the cost of living, meaning retirees drawing from the system would not be claiming their full amount of promised retirement money (Armstrong)...
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General points of the essay
Social Security
economic benefits and future outlook of social security
Overview of Social Security
Should Social Security Be Privatized
Should we privatize social security benefits?
Social Security Crisis
Social Security Reform
Comparative Analysis-Privatizing Social Security
Privitization of Social Security
Prc Social Security Scheme
Distribution of Social Security
History Of Social Security
Privatization of Social Security
Privatizing Social Security
Security Plan - Knowledge and Information Security
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