A Simple Fix For Pension Savings

Political battle lines are being drawn on how best to save Social Security. President Clinton wants to use the federal budget surplus. Conservatives want privatization. Liberals want to hike payroll taxes. Senator Daniel Patrick Moynihan (D-N.Y.) supports partly privatizing Social Security. Others believe higher economic growth will do the trick. But any consensus will take time to form. Meanwhile, Congress can do something right away to ease the retirement worries of millions of people working in the New Economy: simplify, and don't penalize mobility.

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