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Joe Arwood on Social Security

 


Means testing for recipients; opt-out for younger workers

Under my plan each person will collect benefits up to the dollar amount they have contributed to the Social Security program. After you have exhausted your investment, we will means test each person to assess the need for the continuation of benefits. If you need Social Security, Social Security will be made available.

For Americans that are not currently collecting benefits, but have contributed their money, they will have the option to voluntarily opt-out of the Social Security program. Upon opting-out, each person will be provided a yearly tax credit designed to offset total contributions made.

For workers who have not contributed to Social Security, they will not begin making contributions. This approach will provide America with the ability to "wind down" the Social Security program and eventually make a complete exit. We must set the expectations that future generations are ultimately responsible for providing for their own retirement.

Source: 2012 Senate campaign website, joearwoodforussenate.com , Jan 18, 2012

Other candidates on Social Security: Joe Arwood on other issues:
MN Gubernatorial:
Mark Dayton
MN Senatorial:
Al Franken
Amy Klobuchar

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Page last updated: Feb 22, 2012