http://greyswan.net/2007/06/does-social-security-discriminate/ A mostly unpredictable weblog Fri, 31 Jul 2009 01:22:12 -0700 hourly 1 http://wordpress.org/?v=3.0.1 http://greyswan.net/2007/06/does-social-security-discriminate/comment-page-1/#comment-30 Prometheus Mon, 04 Jun 2007 03:31:14 +0000 http://www.greyswan.net/2007/06/03/does-social-security-discriminate/#comment-30 Actually, that is not true. The cost of being fair are minimal if existent at all. All that is needed to end the discrimination inherent in social security's current structure is to allow an individual to use his 'accumulated saving' to buy an annuity from an insurance company. This allows the insurance company to use its own best estimates of the person's life expectancy. The total cost to the government does not change, but minorities will no longer be short changed by the system. Actually, that is not true. The cost of being fair are minimal if existent at all. All that is needed to end the discrimination inherent in social security’s current structure is to allow an individual to use his ‘accumulated saving’ to buy an annuity from an insurance company. This allows the insurance company to use its own best estimates of the person’s life expectancy. The total cost to the government does not change, but minorities will no longer be short changed by the system.

]]> http://greyswan.net/2007/06/does-social-security-discriminate/comment-page-1/#comment-29 barry brumberg Mon, 04 Jun 2007 02:40:05 +0000 http://www.greyswan.net/2007/06/03/does-social-security-discriminate/#comment-29 M Good point, but it would be costly to be fairer. Many Union pension plans are based on the same system. The benefits you derive are directly related to life expectancy. This is also true in NYC with the NYPD. Retirement after 20 years and extends at half pay for the rest of your life; could be 40 more years. BB M Good point, but it would be costly to be fairer. Many Union pension plans are based on the same system. The benefits you derive are directly related to life expectancy. This is also true in NYC with the NYPD. Retirement after 20 years and extends at half pay for the rest of your life; could be 40 more years. BB

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