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Pensions Outside U.S.: Lessons For Social Security
….According to Michael Tanner of the libertarian Cato Institute, 32 countries have turned to partial or full privatization of their Social Security-like systems. The U.S. isn’t one of them. After his re-election in 2004, President Bush pushed for changes that would’ve let workers put part of their Social Security taxes into a personal retirement account. However, the effort stalled out. Polls showed the public did not favor the ownership plan. Other nations have proven more open to change. Here’s a look at several countries and their systems: Read More…
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