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The LGPS has been restructured so that higher earners pay more – with anyone earning above £78,700 paying 7.5%.
Since the 1970's, however, Reich argues that the market has been restructured so that the vast majority of economic benefits are going right to the top earners, leaving wages for most Americans stagnant and upward mobility more and more unsure.
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"It has to be restructured so that it can be sold.
The community was restructured so that investors could benefit from a partnership that combined equity investments from private banks, state agencies and loans from federal housing authorities.
In October, a three-judge panel ruled that the agency should be restructured so that the president can have the ability to fire the director at will.
The package could be restructured so that only deposits in excess of €100,000 (£85,000) are taxed, the preferred option of Christine Lagarde at the IMF.
This new equity forms the capital base of the continuing company – meaning its obligations are restructured so that it is again solvent (meaning the value of its assets exceeds the value of its liabilities).
In the long term, the loan program needs to be restructured so that the loans are closely linked to the government's actual cost of borrowing, which could reduce rates for students.
Last month, a federal appeals court ruled that the agency must be restructured so that the director could be removed at will, marking a major win for Republicans and industry groups looking to limit the independence of the agency.
Leading figures from across the ideological spectrum say that the companies, which were created by Congress to support the housing market, must be restructured so that they do not threaten the financial system.
If a company could be restructured so that it was run by the owner, and if it could take on a lot of new debt that it had to pay down with cash, then it would maximize its value, rather than the comfort and prestige of its C.E.O.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com