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Reply #19: Under the privatization scenario... [View All]

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visceral Donating Member (22 posts) Send PM | Profile | Ignore Thu Feb-03-05 10:57 PM
Response to Reply #16
19. Under the privatization scenario...
the plan will become totally self-sufficient, when the people born prior to 1945 who are withdrawing from it, die out. At that point, the majority of participants' contributions will be made in market investments not into a Federal "lock box." That is, unless the plan becomes optional, in which case there may still be a few who choose to participate in the old system. You'll have to figure out when the last of these old timers will die out. I'm not sure anyone could accurately come up with that specific date.
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