We should then allow a personal account option for younger workers for this portion of the payroll tax, with the accounts taking responsibility for paying an equivalent proportion of future Social Security benefits.

FORBES: Job Killers Vs. Job Creators

Final salary schemes, which guarantee a pension equivalent to a fixed proportion of workers' final wages, provide a more generous retirement income than defined contribution schemes, which are tied to stock market performance.

BBC: Manufacturers call for pensions reform