What can the presidential candidates learn from Social Security privatization abroad?

Elaine Fultz of the National Academy of Social Insurance weighs in. She sums up:

The candidates should take a close look at countries where social security privatization is a reality.  Based on their findings, they should explain to the public how they would meet its high transition costs, avoid erosion of worker accounts by private management fees, and deal with workers who are disadvantaged by financial market volatility.

Given where NASI stands on things, you're not likely to get the full story on the positive aspects of defined contribution pensions. And there ARE good answers to all of these questions. But still, her comments are worth reading since many policymakers haven't thought closely about these questions.