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Implications of the Bush Commission Pension Reforms for Married Couples

February 1, 2003
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Working Paper by Barry P. Bosworth, Gary Burtless, and Benjamin Keys

Abstract

In December 2001 the President’s Commission to Strengthen Social Security published a report describing plans to reform Social Security through the introduction of new, privately managed, defined-contribution pension accounts. The new accounts are to be financed by diverting a portion of payroll taxes that are now used to finance pensions under the existing defined-benefit public pension system. This paper evaluates the overall impact of the Commission’s second plan on the distribution of retirement income and rates of return on pension contributions within and among future generations of married couples.

Social Security sign in a garden
Social Security sign in a garden
Author(s)
Headshot of Barry P. Bosworth
Barry P. Bosworth
Headshot of Gary Burtless
Gary Burtless
Headshot of Benjamin Keys
Benjamin Keys
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Executive Summary
Citation

Bosworth, Barry, Gary Burtless, and Benjamin Keys. 2003. "Implications of the Bush Commission Pension Reforms for Married Couples" Working Paper 2003-3. Chestnut Hill, MA: Center for Retirement Research at Boston College.

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Associated Project(s)
  • BC02-02
Topics
Social Security
Publication Type
Working Paper
Publication Number
WP#2003-3
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