. Individuals save a fraction of wages in a Personal Retirement Account (PRA) invested in a 60:40 equity-debt mix and receive a … expected incremental corporate tax revenue that results from the Personal Retirement Account saving. Additional tax revenue is … one third of the long-run projected payroll tax, invested in a 60:40 equity-debt Personal Retirement Account could provide …

"contributions" of employees and employers to the social security retirement and survivors fund …

examination of the potential magnitudes of such bequests and of their effect on retirement annuities and asset accumulation. The … most likely form of bequest, the preretirement bequest' made when employees die before normal retirement age, reduces the … funds available for post-retirement annuities by about 16 percent or, equivalently, requires a one-sixth increase in the …