This means that all 3,000 ALEC state legislators nationwide will be encouraged to adopt similar resolutions in their respective states. Most younger workers worry that Social Security won't be there when they retire. We must develop alternatives that allow current retirees to be secure, while letting their children opt for fiscally sound retirement alternatives. The waiver process was first proposed by Cascade Policy Institute in June, 1996. Last month the institute published The New Oregon Option , a plan to give every worker the right to invest for his or her own retirement.
Copies are available from the institute.
Oregon is the first state to ask Congress to begin this discussion. We are very pleased that the American Legislative Exchange Council will now urge its members nationwide to make similar requests. Together, the states can develop plans that give all Americans the retirement choices they want and deserve. Several national organizations are working on Social Security alternatives, including Americans for Tax Reform , Cato Institute and National Center for Policy Analysis . For links to these and other organizations, see Opting Out of Social Security .