Rep. Visclosky's office anaylzes Bush's Soc Sec plan

<snip>The office of U.S. Rep. Pete Visclosky, D-Ind., analyzed information released by the White House regarding the president's proposed privatization of Social Security. Below are his staff's conclusions on how the plan would work:
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-- The blueprint calls for a one-time election to open a private account but doesn't say at what age a person must make a decision. Participants in the private accounts won't be able to opt out and go back into the guaranteed benefit plan.

-- Private accounts aren't flexible and will be invested in a government securities fund or index fund. Investments can be diversified in five funds based on the thrift savings plan -- the government employees retirement plan. There will be one annual period for plan adjustments.<snip>


http://www.thetimesonline.com/articles/2005/02/23/news/top_news/29c07382059b79ef86256fb100221f19.txt