We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Will the Social Security System Continue to Offer Social Security?
- Authors
Rivers, William A.
- Abstract
This article focuses on the goals of the Social Security system and how changes will impact these goals. There is also discussion of how the proposed changes could potentially impact the private pension system in the United States. Moving a portion of Social Security withholding to individual investments in stock and bond markets has the potential for increasing benefits in retirement for many individuals. Sponsors of private defined contribution plans are not as likely as sponsors of defined benefit plans to feel this pressure, because defined contribution plans clearly show participants their balances, much like a bank account does. Because contributions in multiemployer defined benefit plans are collectively bargained, sponsors that want to improve benefits could look to generating greater returns on invested assets, but they generally must incur more risk to do so. If retirees find that they are receiving less than enough to meet their retirement income goals, they may look to supplement their income with part-time jobs in retirement
- Subjects
UNITED States; SOCIAL security; DEFINED contribution pension plans; PENSIONS; RETIREMENT income; EMPLOYEE benefits
- Publication
Benefits Quarterly, 1997, Vol 13, Issue 3, p47
- ISSN
8756-1263
- Publication type
Article