Social Security Subcommittee to Hold Hearings on Foreign Social Security Reform

July 20, 2001

The Social Security Subcommittee of the House Ways and Means Committee will hold a hearing on Social Security reform in other countries on July 31. Among those testifying will be Jacobo Rodriguez, assistant director of Cato's Project on Global Economic Liberty. Rodriguez is the author of "Chile's Private Pension System at 18: Its Current State and Future Challenges" (Cato Social Security Paper no. 17, July 30, 1999) and "In Praise and Criticism of Mexico's Pension Reform" (Cato Policy Analysis no. 340, April 14, 1999).

While the United States struggles with how to reform its Social Security system, other countries around the world are rapidly moving to systems that include individually owned, privately invested accounts. Many have fully privatized their public retirement systems. Witnesses at this hearing are expected to look at the experiences of such countries as Chile, Great Britain, Australia, and Sweden.

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