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Politics : PRESIDENT GEORGE W. BUSH
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To: JDN who wrote (671600)2/8/2005 1:50:54 AM
From: steve dietrich  Read Replies (4) of 769667
 
According to the plan that is favored by the whitehouse, the amount in the private account would have to be used to buy an annuity which would bridge the gap created in the SS fund. As far as I know, no lifetime annuity can be passed on to survivors. Only to the extent that the private plan exceeded what would be required for the annuity, could be passed on. That stipulation is to protect society from foolish spending of the private account and the person being left below the poverty line.
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