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Subject:  Re: Enron and Social Security Date:  1/26/2005  3:01 PM
Author:  Quakeboy02 Number:  44202 of 88498

Just a little tidbit for those who think the privatization plans will help them. You pay it in, and the government takes it back. Pretty much like the current system, except that if you make bad investment decisions, your pension is hit. BUT, there's going to be NOTHING that you can pass on to your heirs.

"Some proposals take a bigger and more direct bite. Under a proposal by Rep. Clay Shaw, R-Fla., 95% of the accumulated balance in each worker's private account would be transferred at retirement to the Social Security Trust Fund, where it would fund traditional benefits. The retiree would keep only 5% of his account."

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