Retirements at risk / Alicia H. Munnell -- Expanding participation in America's workplace retirement system / Gary Burtless -- Financial market turbulence and social security reform / Gary Burtless -- The plan to save American workers' retirements / Teresa Ghilarducci -- Learning from...

This paper simulates a transition from the current pay-as-you-go Social Security system to a prefunded system based on Personal Retirement Accounts (PRAs). Annual PRA contributions of 2 percent of taxable payroll earning the historical return on the corporate sector are sufficient to close the...