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Politics : Politics for Pros- moderated
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To: KLP who wrote (101877)2/23/2005 5:17:43 PM
From: Lane3  Read Replies (1) of 793757
 
do you think there might be a more beneficial way for him to have at least some money when he retires with a "new SS" system?

I was talking exclusively about the new SS, which is supposed to have two tracks, the first the fixed benefit track a la the current system and and the second a reduced fixed benefit plus a personal account. The second is supposed to be voluntary.

What I was discussing was whether participants have only one shot at volunteering for the personal account track or whether there would be subsequent open seasons.

I don't think "the 'kid' should be made to" do anything. He has a free choice of the new SS's two tracks. What I think is that he should not have to make an irrevocable decision between tracks when he is sixteen and flipping burgers.

Does that clear things up?
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