PRAUSA is a policy initiative focused on a single objective: the permanent replacement of Social Security’s Old-Age and Survivors Insurance (OASI) program with individually owned Personal Retirement Accounts.

Social Security was created for a very different America. Over time it evolved into a compulsory intergenerational transfer system that offers low returns, no property rights, and growing political risk. Workers accumulate no real savings, families inherit little or nothing, and younger generations face steadily worsening terms. Despite decades of debate, proposed reforms have failed to resolve these structural flaws without relying on higher taxes, crisis-driven benefit cuts, or permanent government debt.

PRAUSA advances a different approach. It proposes an orderly, rule-based transition that fully protects current retirees and near-retirees while allowing younger workers to build real, inheritable retirement wealth from lifetime earnings. The framework is deliberately conservative in its assumptions, aligned with standard actuarial and budget-scoring practices, and designed to remain solvent under adverse demographic and economic conditions. The reform applies only to OASI; Disability Insurance, Medicare, and other programs are unchanged and must be addressed separately.

PRAUSA does not advocate for a political party or candidate. Its focus is structural reform grounded in arithmetic, ownership, and long-term solvency. All technical assumptions, parameters, and transition rules are explicitly documented and open to scrutiny.

The work of PRAUSA began with a personal conviction, but it stands on independently verifiable analysis.

I have spent decades examining Social Security’s structure and outcomes, convinced that a pay-as-you-go system without ownership cannot deliver durable retirement security. PRAUSA reflects that conviction—but it is not based on faith, ideology, or wishful thinking. It is an effort to present a complete, workable alternative and to invite serious evaluation, critique, and debate about how Americans should secure retirement in the decades ahead.