William G. Shipman, chairman of retirement finance consulting firm CarriageOaks Partners and a former principal of State Street Global Advisors, was named special adviser on Social Security reform by Republican presidential hopeful Sam Brownback, Mr. Shipman confirmed.
Mr. Brownback, a U.S. Senator from Kansas, favors creating personal investment accounts for Social Security, according to a statement from his presidential campaign, and Mr. Shipman has been a leading proponent of individual accounts.
I accepted Sen. Brownbacks offer to help because both of us believe all Americans should have a choice in how they provide for their retirement and the freedom to make that choice, Mr. Shipman said in the statement.
Mr. Shipman is also co-chairman of the Cato Institute Project on Social Security Choice.