When they heard about this they could not believe the amount of money and time that I did not have to wait. Both of them are looking for a small retirement and mainly their investments, along with social security. Granted they get stock options or investments into their company, but they will not be able to retire until they get into their mid or upper 50's. Meanwhile I will be able to start a second career or other job but with a secured income. For those who think that they have to depend on the Feds, our city proves that wrong.
Groups working together with a good system can outperform the government every time.
My city has only 5500 employees, but the retirement fund is over 1 billion in assets. Yes, the market will fall, but the fund is well managed and can go through these cycles. Allowing persons to invest in the markets conservatively will allow better retirement. My city proves that, and I will receive the benefits. The Cato Institute Project on Social Security Privatizaton E-mail the Webmaster 1000 Massachusetts Ave.