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  • Bush Advisers OK Social Security Plan

    01/28/2005 4:53:10 AM PST · by Libloather · 8 replies · 462+ views
    Yahoo News ^ | 1/28/05 | LAURA MECKLER
    Bush Advisers OK Social Security Plan Fri Jan 28, 3:08 AM ET By LAURA MECKLER, Associated Press Writer WASHINGTON - President Bush's advisers have settled on a proposal for structuring the personal accounts they hope to create in Social Security, while on Capitol Hill Senate Democrats were launching an effort to defeat the plan altogether. Under a plan recommended to Bush, the private accounts would resemble many company-sponsored retirement plans, with just a handful of investment options. By default, workers would be enrolled in a "life cycle" account, in which investments become more conservative as investors age, if they do...