>The political reception was... poor. Had to ditch it under pressure from AARP and attack ads from Democrats.

Of course. Let people have defined benefits. Stop trying to turn every single angle on retirement into defined contribution.

I kind of wish that it had gone through, although there would definitely have to be rules on what you could invest in because you know some goof would be messing around with options & puts, and then have their entire private SS account go to 0, or worse.