The reason I posted this thread is that in my early career, I was posted to Singapore to work. Great place to bring up your family! They have a much better retirement system. It is called the Central Provident Fund. The employer matched the employee contribution as it is in our SS, however, each individual has his own account and that his and only his. The government investes the fund very prudently and generates good returns. When the person reaches the retirement age, he draws from his account and only from his account. If Joe lives to be 91 and ran out of money at 82, that's his problem! This system is no diffenrent from the many 401K out there. Do you want to share your 401K with someone else? Probably not. The system in Singapore provides a much improved system compared to our archaic SS. It does not go broke like ours! And provides an equitable distribution of the fund.