The Corner

Social Security Solutions

Jeff Sessions wastes no time; he’s back at work in the Washington Post: he’s proposing

create a national system of personal savings accounts modeled on the successful Thrift Savings Plan (TSP) for federal employees. Federal employees pay Social Security taxes and receive the same Social Security benefits as everyone else. But the TSP program allows them to invest a portion of each paycheck — along with a government match for part of these contributions — in one of six investment accounts (or some combination of these accounts), including a government securities fund and a common stock fund. Over the past two decades, this system has been an unqualified success, as federal employees have received large returns on the money they invested…


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