Supporting Clinton's plan (Re: Milton F. on SS privatization

Carl Remick cremick at rlmnet.com
Wed Jan 27 09:28:02 PST 1999


Re Nathan's: "The USA account is not perfect but it is a radical improvement over IRAs for helping working class folks save for retirement. Social Security is not enough for most people, so supplementary pensions are needed. "

But the USA account is still a defined *contribution* rather than a defined *benefit* plan, no? IMO, anything that doesn't conform to the idea of defined benefits doesn't deliver real security and isn't progressive.

Carl Remick



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