Op-Ed By Maya MacGuineas: Individual Accounts As Part of Social Security Reform From A Fiscally Responsible Perspective

Ed Lorenzen

An op-ed in the Christian Science Monitor by Centrist.Org Chairman Maya MacGuineas makes the case for including individual accounts as part of Social Security reform from a fiscally responsible perspective -- individual accounts provide a more effective method to save current payroll taxes to pre-fund a portion of future benefits.

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A Preliminary Analysis of Sen. Hagel's Social Security Proposal

Ed Lorenzen

Sen. Chuck Hagel has introduced a serious Social Security reform proposal. It would gradually phase-in voluntary personal accounts and corresponding reductions in defined benefits. More importantly, the plan includes “tough choices” to restore the solvency of the Social Security system.

Senator Hagel’s proposal makes a constructive contribution to the Social Security debate. It is also encouraging that most Democrats in Congress have refrained from criticizing the increase in the retirement age and other benefit changes in the Hagel bill.

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