OPINION:
Social Security can be improved and secured by switching contributions to an inheritable annuity backed by U.S. Treasury bonds. That would protect contributed funds from political wrangling, and there would be less concern about the number of workers contributing to it.
Having an heir means contributions would not be lost if a contributor dies before collecting age. And accumulated funds could be credited to the Social Security account of the heir without immediate payout, further extending the funds’ life.
GERALD SCHNEIDER
Kensington, Maryland
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