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November 29, 2001 at 07:00 PM
NU Online News Service, Nov. 29, 10:25 a.m. – The American Academy of Actuaries, Washington, says Congress should think about benefits distributions when evaluating proposals for individual Social Security investment account programs.
“While most Social Security individual account proposals have focused on how benefits should be accrued and invested before retirement, there are equally important questions on how benefits are to be paid,” says Bruce Schobel, chairman of the academy’s social insurance committee, says .
The academy analyzes proposals for voluntary and mandatory annuitization of account assets in a brief for a presidential commission that is studying the individual account concept.
