While Mitt Romney and Rick Santorum are going around saying America can't afford to try Newt Gingrich's suggestion of a defined-contribution style pension system as part of Social Security, here in New York a Democratic governor, Andrew Cuomo, just proposed such a plan for new state employees. Writes the Manhattan Institute's E.J. McMahon: "it's a very big deal that Cuomo has put the DC concept on the table."
Cuomo's Defined Contribution Pension
https://www.futureofcapitalism.com/2012/01/cuomo-defined-contribution-pension
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