OK, here's a little more clarification. Again, it appears all privatization would be voluntary. From FactCheck.org:
PFA refers to individual accounts for workers as "their own retirement nest egg," but fails to mention that workers would "own" these accounts only in a limited sense. As described by the senior Bush administration official, workers would not be permitted to withdraw their savings before retirement, at which point the government would require that some or all be converted into an annual stream of payments received over life, called an annuity. The senior administration official said the amount of money to be funneled into a mandatory annuity is the amount necessary to keep a retiree above the poverty line -- currently $12,490 for a couple or $9,310 for a single person. The actual money that is "yours" would depend on the amount left over after annuitization. The link to the whole article: http://www.factcheck.org/article313.html > Does anyone else have a link? I'd be the first to admit I'm wrong as > well - but I do want some proof. > > On 7/14/05, Kevin Graeme <[EMAIL PROTECTED]> wrote: >> I read it months ago. I've brought it up here before and I'm surprised >> that nobody noticed those other times. If I had a link I'd gladly >> share. I'd really love to be wrong. >> >> -Kevin > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Find out how CFTicket can increase your company's customer support efficiency by 100% http://www.houseoffusion.com/banners/view.cfm?bannerid=49 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:164784 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
