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<a href="http://www.accessmylibrary.com/article-1G1-129169467/weighing-benefits-would-private.html" title="Facts and information about Weighing benefits: would a private retirement fund yield far more benefits for workers than the current Social Security system, even during years when the stock market is down?(Social Security)(Cover Story)">Weighing benefits: would a private retirement fund yield far more benefits for workers than the current Social Security system, even during years when the stock market is down?(Social Security)(Cover Story)</a>
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Weighing benefits: would a private retirement fund yield far more benefits for workers than the current Social Security system, even during years when the stock market is down?(Social Security)(Cover Story)
President Bush has repeatedly suggested a partial privatization of Social Security that would involve "allowing younger workers, on a voluntary basis, [to] set aside some of their own payroll tax in personal accounts as part of a comprehensive solution to dealing with the Social Security issue." Specifics about the Bush Social Security "reform" proposal have yet to be announced, though most pundits expect a modest proposal in several months to allow workers to voluntarily divert up to four percent of their income--currently going into Social Security--into a federally managed private stock fund similar to the federal government pension system.
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Source: HighBeam Research, Weighing benefits: would a private retirement fund yield far more...