U.S. Women's Group Blasts Social Security Accounts
New York Times Online (05/07/02) ; Lambro, Donald

OWL, a nonprofit group representing older women, has announced its opposition to President Bush's proposal to reform Social Security by allowing workers to establish individual retirement accounts with part of their Social Security taxes. The group says that the plan would be more dangerous for women because they often earn less money, spend fewer years working, and live longer than men, and the plan would make Social Security less dependable. Rep. Clay Shaw (R-Fla.) says that the private account proposal would add, not take away, funds to the retirement system, which experts say will be exhausted by the year 2041 as more baby boomers reach retirement age.


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