Bush pretende reformar pensões
No Boston Globe:
"The Bush administration is focusing on a Social Security proposal that would allow younger workers to invest nearly two-thirds of their payroll taxes in private accounts, with contributions limited to about $1,000 to $1,300 a year"
"The federal 12.4 percent payroll tax is split between workers and employers. Workers could divert 4 percentage points, while the remaining 2.2 percentage points in taxes would continue going into the system"
No Whashington Post:
"«That's the model,» said Michael Tanner, director of the Cato Institute's Project on Social Security Choice. The libertarian think tank has been a longtime proponent of investment accounts and it's pressing for larger accounts that would let workers invest all of their payroll taxes. "
"In the main plan offered by Bush's commission, promised benefits would be cut for many workers, with reductions ranging from 0.9 percent to 45.9 percent. Investments in the personal accounts are counted on to make up the income loss.
Growth in benefits would be slowed dramatically by tying them to inflation rates instead of wages. The rate of inflation grows more slowly than wages over a person's lifetime.
For example, a person retiring in 2012 with an annual income of $35,277 is promised $1,194 in monthly benefits, in 2001 dollars. If the formula is changed, the monthly benefit would be reduced by 0.9 percent to about $1,183 per month.
The younger the worker, the more dramatic the cuts. For a person retiring in 2075, the monthly promised benefit of $2,032 would be cut by 45.9 percent to $1,099 a month.
In each case, income from the worker's private account, funded with a portion of their Social Security tax, would be expected to at least make up the difference. "
"The Bush administration is focusing on a Social Security proposal that would allow younger workers to invest nearly two-thirds of their payroll taxes in private accounts, with contributions limited to about $1,000 to $1,300 a year"
"The federal 12.4 percent payroll tax is split between workers and employers. Workers could divert 4 percentage points, while the remaining 2.2 percentage points in taxes would continue going into the system"
No Whashington Post:
"«That's the model,» said Michael Tanner, director of the Cato Institute's Project on Social Security Choice. The libertarian think tank has been a longtime proponent of investment accounts and it's pressing for larger accounts that would let workers invest all of their payroll taxes. "
"In the main plan offered by Bush's commission, promised benefits would be cut for many workers, with reductions ranging from 0.9 percent to 45.9 percent. Investments in the personal accounts are counted on to make up the income loss.
Growth in benefits would be slowed dramatically by tying them to inflation rates instead of wages. The rate of inflation grows more slowly than wages over a person's lifetime.
For example, a person retiring in 2012 with an annual income of $35,277 is promised $1,194 in monthly benefits, in 2001 dollars. If the formula is changed, the monthly benefit would be reduced by 0.9 percent to about $1,183 per month.
The younger the worker, the more dramatic the cuts. For a person retiring in 2075, the monthly promised benefit of $2,032 would be cut by 45.9 percent to $1,099 a month.
In each case, income from the worker's private account, funded with a portion of their Social Security tax, would be expected to at least make up the difference. "
