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Galveston Plan and Social Security: A Comparative Analysis of Two Systems

机译:加尔维斯顿计划与社会保障:两种制度的比较分析

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摘要

On January 1, 1981, the County of Galveston, Texas opted out of the SocialSecurity system and implemented the Alternate Plan (referred to in this report as the 'Galveston Plan') in place of Social Security. The Galveston Plan has received recent attention in the press and in congressional testimony as an example of a privatized plan that could serve as a model for the privatization of Social Security. The purpose of this report is to compare and contrast the Galveston Plan with Social Security, and examine how certain workers with different earnings levels and family types fare under each system.

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