So, in this ideal retirement scheme, Americans would respond to the prospect of a diminishing Social Security stipend by initiating or enhancing personal accounts.
This is hardly the time to be moving workers into a defined contribution retirement scheme that 84% of the nation regards as a catastrophic blunder.
Many men took advantage of an early-retirement scheme a decade ago.
Scottish Labour's amendment calling for an early retirement scheme for older teachers, creating posts for post-probationary teachers was passed with 59 votes for it, 47 votes against and with 15 abstentions.
To prevent a sharp increase in the budget deficit in the short term, the new government may eliminate research and development tax credits for businesses and reduce tax credits and government subsidies for the KiwiSaver retirement savings scheme.
Lord Hunt's group concluded that any scheme of compulsory retirement would require legislation, but that a voluntary scheme could be introduced for permanent leave of absence.
Mr Bassolino had earlier proposed to create some new jobs by a scheme for early retirement, but nobody else in government sounded keen.
The document called for the introduction of a 'step-down' scheme for GPs approaching retirement so they leave their post gradually and are able to help alleviate staff shortages.
The trust funds of both Social Security and Medicare are shrinking, and the reduction in FICA tax rates further depletes Social Security and speeds its transition from mock retirement fund to de facto welfare scheme.
Areas under dispute have included pay and pensions, with the CWU saying a pay rise came with unacceptable strings attached, and the Royal Mail wanting to scrap its final salary pension scheme and raise the retirement age.
Another problem is that employees may assume that their retirement needs will be satisfied by the scheme.
People who worked for the state, in state-owned companies or in state-approved collectives, enjoyed cradle-to-grave benefits ranging from housing, education and health care to a generous pension scheme, with an official retirement age of 55 for men and 50 for women for manual workers (but five years more for white-collar workers) and a replacement rate of about 80% of final salary.
Under the traditional Japanese system, employees qualified for a lump sum at retirement (over and above the state pension scheme) after 30 years at the same firm, which strongly discouraged mid-career moves.
"You put into the pension scheme so that you get a decent retirement, " she says.
It is very important not to lose sight of the main purpose of a pension scheme, which is to provide income in retirement.
But some firms, most famously Matsushita, a big electronics manufacturer, have introduced a new scheme in which employees waive the lump sum at retirement in return for a higher salary.
But some employees--for example, young folks who leave DuPont for another job well before retirement--could end up better off than under the old scheme.
The tax system could be changed to encourage more people to use the scheme, he suggests: as things stand, the tax on traditional retirement income is low, but the tax treatment of portable personal pensions is comparatively ungenerous.
The scheme's costs have been monitored and the rules adjusted by raising payroll contributions and extending the retirement age.
ECONOMIST: The retired are always supported by their children
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