Open Access. Powered by Scholars. Published by Universities.®

Retirement Security Law Commons

Open Access. Powered by Scholars. Published by Universities.®

University of Florida Levin College of Law

Budget

Articles 1 - 1 of 1

Full-Text Articles in Retirement Security Law

Privitizing Social Security: Administration And Implementation, Karen C. Burke, Grayson M.P. Mccouch Oct 2001

Privitizing Social Security: Administration And Implementation, Karen C. Burke, Grayson M.P. Mccouch

UF Law Faculty Publications

This article considers administrative issues that bear on the structure and implementation of any universal, mandatory system of personal accounts within the Social Security system. The central issues involve tradeoffs between relatively standardized, low-cost options with constrained individual choice and limited risk, on the one hand, and more flexible, higher-cost options with enhanced opportunities for individual control and greater risk, on the other hand. A centralized system modeled on the Thrift Savings Plan for federal employees could balance these goals by offering participants a relatively narrow range of investment and withdrawal options, with correspondingly low administrative costs and limited risks ...