Quote:
Originally Posted by Schneed10
Well just because it's privatized doesn't mean you can't set a minimum mandatory contribution as part of the program.
Privatization refers mainly to private investment firms offering the investment options, not simply that everyone is responsible for their own retirement account.
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It should simply be the current FICA tax %, at least to start.
We wouldn't be missing any money since it was being stolen anyways and it's probably a decent % to ensure a good retirement.
If anyone wants to contribute extra, that is their choice.