It's very easy to mandate a portion of each paycheck goes into retirement accounts, just like existing systems. There can be allowances, boosts etc for edge cases, that come out of the current yearly budget of the government.
It's very easy to mandate a portion of each paycheck goes into retirement accounts, just like existing systems. There can be allowances, boosts etc for edge cases, that come out of the current yearly budget of the government.
The problem comes in switching from one system to the other.
Yes, it will be costly. But so will the coming insolvency of the older systems that took a great shortcut.