Word: riemer
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...federal government at regular intervals. Checks are mailed out to retirees. That's about it. But managing a 401K plan can be a complicated exercise, more so if it's for the entire country. The Social Security Administration would have to hire 40,000 extra people, claims Hans Riemer, director of the 2030 Center, which opposes privatization. "It would take 10,000 more people just to answer the phones." Small businesses, which before just had to make deductions and send checks to the government, would now be snarled administering individual retirement plans, with employees constantly changing their portfolios...
...Sanjay Shetty, and Canh P. Vu from Pforzheimer; Barak Ben Gal, Manjul Bhargava, Kiran S. Kedlaya, Lenhard Lee Ng, Thinh Huy Nguyen, Adib R. Pasha, Adam Kempton Webb, Timothy P. Yu, and Noah T. Zinkin from Quincy; Steven W. Hetts, Brian D. Koh, David B. Lat, and Elizabeth J. Riemer from Winthrop...
ELIZABETH J. RIEMER...
Elizabeth J. Riemer contributed to this report...
Alex B. Livingston, Elizabeth J. Riemer and Susan S. Shin compiled this article, with wire dispatches...