The TIAA-CREF Institute provided funding for this project and the National Academy of Social Insurance (NASI) released the findings from their study panel on January 26, 2005. The panel examined benefits from individual accounts in the Social Security system and urges lawmakers to pay careful attention to issues like:
- How the assets accumulated in individual accounts would be paid out during
retirement.
- What institutions, public or private, will be responsible for making payments
from the accounts
- If private institutions, will the federal or state governments regulate
their conduct.
- Will individuals have funds available to them before retirement.
- What happens if an individual becomes disabled or dies before retirement.
- What rights does a spouse or former spouse have to these accounts.
A copy of the complete report can be accessed from NASI's website at http://www.nasi.org/info-url_nocat2718/info-url_nocat_show.htm?doc_id=212573.
