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But the case for increasing retirement ages is overwhelming.
Other papers have shown the inefficacy of tax breaks in increasing retirement savings and the power of automatic savings programs.
"Increasing retirement ages and moving to career average pensions will not be enough to stall the pension burden avalanche that is bearing down on the young.
Price indexing means increasing retirement benefits in line with consumer prices, in order to protect the purchasing power of such benefits.
Wage indexing means increasing retirement benefits in line with wages, in order to preserve the portion of wages replaced by benefits.
"We need to institute a gradual solution for entitlements" like increasing retirement ages, Senator Paul says, "or we might need quick ones".
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The hope is that this will significantly increase retirement saving.
He also points to the Democratic candidates' plans to increase retirement savings among low-income Americans.
Even the radical pension overhaul, which increased retirement ages and cut benefits, provoked only a three-hour strike.
The S.E.C. said the fraud began in 2001, when New Jersey increased retirement benefits for teachers and general state employees.
In 2008, for instance, lifeguards in Laguna Beach started receiving increased retirement benefits as the state's economy began to slow.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com