After studying the Republican Social Security plan in detail, I found that there is no taking of money from the Trust Fund as Democrat commercials allege. The Trust Fund remains intact. The money that younger people will be able to set aside into secure investments will remain in the Trust Fund for those current recipients, like any trust fund. It will just earn better returns and when the person who made the set aside reaches retirement, the annuity they receive will be calculated based on a formula that takes into account the amount of money the “privatized” portion earned. There is an offset strategy incorporated into any of the proposals. In addition should a person die before reaching retirement, the money set aside would be given to the estate, a much better “death benefit” than the current $253.
Do not be duped by the scare tactics invoked in the campaign. They are an outright distortion and an oversimplification of a very complex issue.