The purpose of this paper is to review the current pension system in the United States, including its shortcomings for lower-income workers, and to evaluate different proposals for reform. Our conclusion is that the approach embodied in the legislation likely to become law in 2001 is fundamentally flawed and that a progressive matched savings program represents a much more auspicious mechanism for boosting retirement security among lower-income workers.
Project: Inclusion in Asset Building: Research and Policy Symposium
Orszag, P., & Greenstein, R. (2000). Toward progressive pensions: A summary of the U.S. pension system and proposals for reform (CSD Policy Report No. 00-23). St. Louis, MO: Washington University, Center for Social Development.