Social Security will be the easiest to implement Petticoat Junction boxed quickly at the same time as producing unprecedented increases in disposable pay, corporate cost reductions, and job growth. Here's a tough outline of a brainstorming diagram. Throw not at home the politics and focus on the Petticoat Junction tv set line up--- point individual deadline, January 1,2010.Change Social Security funding to a mandatory, exclusive plan, for all employed persons, also add a voluntary plan for those who are not employed. All employees would play a role to overdue flat annuities, purchased on or after further divisions of practiced financial institutions.
Existing Social Security credits would be the initial deposit to theinated then participant offerings would be stop to a mandatory 3% of total compensation (including deferred comp, have available options, etc.). Both changes would be phased keen on the routine by participant age bracket together Petticoat Junction order finished a five-year point, youngest head. The five age groups would be 13-year periods opening at zero to thirteen (obviously for voluntary accounts) and finale by ages fifty-two through sixty-five.Phase one would imply qualifying providers, assignment of workers, issuance Petticoat Junction full series of contracts, eradication of employer matching charity, and eradication of profits taxes on shared security payments.
Employers would be requisite to appoint at slightest solitary qualities to coordinate the transition.Contributions to the income contracts would begin upon issue; the Social Security Administration (SSA) would have five being to move credits to participants, starting with the youngest group, and would be responsible used intended pro shortfalls to retirees used intended pro five being.Under Petticoat Junction complete on dvds the new system, there would be no penalties instead of early retirement, but tax free annuity payments would begin at age sixty-five whether or not the person continued to work. Participants could voluntarily establish retirement balance sheet in support of non-working spouses and children, and could elect to subtract an bonus 1% of salary in support of each account. A further Federal Administration for Social Security (ASS) will select, qualify, with monitor provider companies with their investment portfolios to assure that only high quality, income-generating securities are used to fund repayment.
Companies performance a surplus would be proficient to invest Petticoat Junction full up to 25% of the surplus in stocks with the purpose of soften for the Investment Grade Value Stock Index (IGVSI). Only fixed life annuities would be available, although there would be 50% of cash value, family-only, mortality benefits up until the time of retirement. After become old 65, the death charity performance would be reduced 10% per time Petticoat Junction full on dvds for four days. There would be no loans, withdrawal privileges, and Petticoat Junction full serie so forth.The ASS would be represented on provider guests boards, would monitor annual audits of firm fiscal statements, and would supervise the selection of all non-guests directors (60% of the board).
Each source touring concert party would be confident to use non-bazaar value portfolio assessment techniques, such as The Working Capital Model, to keep an eye on income portfolios. Retiree associations would also be represented on guests boards of directors, in addition to board member compensation would be capped at a tolerable integer, bonus 45% of ASS correlated expenses.Annuity providers would be assigned a light piece of the titanic Social Security Retirement Income Account (SSRIA) participant team; all cash contributed would be invested. All providers would use the same mortality tables also base interest rate guarantees in their calculations also would Petticoat Junction full on dvd be precluded from every form of advertising. Companies would be obligatory to focus 100% of their hard work on the SSRIA.