January 12, 2005

PEN-L:

Greetings.  This is Seth Sandronsky in Sacramento.  I am drafting an op-ed
defending Social Security for a local business publication.  The editor
asked me if a SS recipient is able to take her privatized SS pension, buy an
annuity upon retirement, and invest it in CDs or Treasury bonds to realize
income stability.  That is not an option, right?  Thanks in advance for your
feedback.

Seth

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