Another reason to strengthen Social Security: Private retirement plans are weak and uncertain

From Ten Reasons Not to Cut Social Security Benefits: In the past, many workers could rely on so-called defined benefit pensions provided by their employers, which promised retirement payments based on a worker’s salary and years of service. In the private sector, those once common pensions have all but disappeared. To a large extent, they …

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Improving Social Security’s Benefits is Critical to Economic Recovery and Security

From the National Academy of Social Insurance: By Alex Stone, Communications Manager, Economic Opportunity Institute At NASI’s 2011 annual conference, the session “Should We Adopt the Social Security Recommendations of the Fiscal Commission Co-Chairs?” demonstrated the complexity of the Social Security reform debate. Charles Blahous, a Social Security trustee, argued in favor of adopting the …

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How Social Security fills the gap for workers in small businesses

From the Alliance for Retired Americans: Today more than 70 million Americans work in private sector firms. Of that number, more than 10 million work in firms with fewer than 100 employees. Generally, the smaller the firm size, the less likely the firm will offer a defined benefit or defined contribution retirement plan to workers. …

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