Includes bibliographical references (pages [383]-421) and index
CONTENTS NOTE
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Retirement USA -- Early motivations behind the pension movement -- Development and passage of the Social Security Act -- Early concerns prove nagging and persistent -- Moving to pay-as-you-go financing -- A deal too good to last -- Operations under pay-as-you-go financing -- Crisis and reactions : conflict, consensus and surprise -- Sorting out the trust fund semantics and realities -- Policy stalemate at the demographic divide -- Understanding social security in modern times -- Employer pensions taking root -- Growing pains for private retirement plans -- ERISA : the transition to a new regulatory regime -- The 1980s, a decade of regulatory schizophrenia -- Good intentions gone awry -- Some good news--or not -- The unfolding of a predictable defined benefit surprise -- And then, a predictable defined contribution surprise -- Public pensions : the good, the bad and the ugly -- Retirement income security and workers' residuals -- End game : a gold watch, pat on the back and more -- We've killed the goose, Let's gild the eggs -- Tax benefits and benefit taxes -- Retiree health benefits : misfortune or malpractice -- The fellow behind the tree -- Securing the social security foundation -- Securing tax-favored benefits and living standards -- Remembering the future
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SUMMARY OR ABSTRACT
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In "The Predictable Surprise", Sylvester J. Schieber shows that forewarnings of the coming retirement crisis have been apparent for decades, but we have never mustered the political will to address the problem. This book explains how we have gotten into the retirement predicament and where we can go from here