PRIVATIZE SOCIAL SECURITY? “DEFINED BENEFIT PLANS (PRIVATE PENSIONS) ARE DEAD,” SAYS BOB PEARSON, CEO OF PEARSON PARTNERS." MARKET VOLATILITY, DECLINING INTEREST RATES AND THE BURST OF THE TECHNOLOGY BUBBLE IN 2000 HAS NEGATIVELY AFFECTED PRIVATE PENSION PLANS. SOCIAL SECURITY IS STILL THE SAFETY NET PROMISED BY PRESIDENT REAGAN
