Tag: Railroad Retirement
Steven A. Sass discusses the evolution of the U.S. Railroad Retirement System and whether its ability to invest its assets in private equities offers any lessons for Social Security. Click here to order or to download the PDF free of charg…
The brief’s key findings are: Some have advocated investing Social Security trust fund assets in equities. A similar proposal adopted by the railroads in 2001 suggests two key hurdles: political risk and financial risk. For political risk, the railroads created an independent trust; a better fit for Social Security might be to limit investments to…
