It is generally accepted that Social Security must be reformed, but
there is little agreement on what should be done to reform the
program. US Pension Reform: Lessons from Other Countries looks at
the social pension reforms of twelve other countries, assesses the
current US Social Security program, and evaluates how these twelve
models inform opportunities for adaptation of the current system.
The authors consider governments' current fiscal balances in order
to contextualize countries' initial financial liabilities and
pension program infrastructure. The book concludes with an
integrated reform proposal for Social Security. These prescriptions
suggest concrete plans to address issues such as underfunding,
benefits for high-income participants and the elderly demographic
segment, as well as the creation of an individual account program.
This volume forges significant advances and boldly confronts the
challenge of reconstructing the US Social Security program.
General
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