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Author: pmcw007 One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75649  
Subject: Re: Pension Plan Choices Date: 2/23/2001 6:05 PM
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libc, Would you please direct me to any link that substantiates the claim you made that the privatized portion of SS will alter it's structure, even fractionally, to become a defined contribution plan: "A defined contribution (this what President Bush wants to change part of Social Security to) is NOT a guarantee for life or for any period of time. The amount of money that is accumulated will last for a specific time period...solely dependent upon how it is managed."

Even if it would, my understanding is that enrollment will be voluntary. Is this your understanding? I also am of the understanding that it will have zero affect on those currently or soon to retire. Is this also the case?

Isn't it true that many life insurance wrapped programs can be set up to be either defined contribution or defined benefit? During the last decade, which type has sold more (as measured in dollars) and which carries a higher sales commission?

Thanks for your time and consideration. Regards, pmcw
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