This discussion paper written by Richard Murphy, Colin Hines, and Alan Simpson, suggests an entirely new arrangement for the provision of second pensions in the 21st Century. The authors propose to finance these second pensions with People’s Pension Funds investing in new public infrastructure projects with up to 30 years rents as main return.
Read the document (1.6 MiB)
Murphy, Richard, Colin Hines, and Alan Simpson. 2003. People’s Pensions: New Thinking for the 21st Century. http://www.neweconomics.org/gen/z_sys_PublicationDetail.aspx?PID=131.