February 2005
Program Benefits:
- Provides a Safe Alternative to Employer Based Pension Plans
- $5,000 of Extended Unemployment Compensation for Qualified Workers
- Tax-Deductible Contributions
- Assets are Not Invested in the Stock Market
- Benefit Sharing after Divorce
- Qualified Participants Receive a $1,000 Bonus Check upon Retirement
- Supplemental Retirement Income for Life
- Inheritable Assets
- Survivor Benefits
- Program will be Largely Self-Financing
- Contains Option for Social Security to Achieve Partial Advance Funding
- Refinances the Social Security Trust Fund
- Provides Stable Long Term Financing for the National Debt
- Add-On Accounts Will Not Raise Payroll Taxes
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