Time to reform the pension system

It’s a tough time to be investing a pension fund’s cash. PHOTO | POOL

We must look to the larger future. We seek the security of the men, women and children of the nation. That security involves the agencies of government to assist in the establishment of means to provide sound and adequate protection against the vicissitudes of modern life — in other words, social insurance.”

US President Franklin Delano Roosevelt said these words in his speech a day before he signed the executive order that established the Committee on Economic Security, which designed the US social security’s dependable monthly benefit checks.

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Note: The results are not exact but very close to the actual.