1.   And he would turn Medicare from a fee-for-service guaranteed benefit program to one that lets people buy different levels of health insurance.

2.   As a result, individual account plans require deeper cuts in guaranteed benefits for current workers than those required by plans that would not establish individual accounts.

3.   Advocates of private accounts say the cuts in guaranteed benefits will be more than offset by high returns on individual investments.

4.   All three options would establish voluntary investment accounts while lowering guaranteed Social Security benefits.

5.   But Clinton insisted on keeping Medicaid a federally guaranteed benefit for low-income people.

6.   But he said his plan would set a guaranteed benefit level that all retirees could count on even if their investments performed poorly.

7.   Employers are to spell out the benefits that PBGC does not guarantee and show the maximum guaranteed benefits payable by the PBGC.

8.   Guaranteed Social Security benefits would have to be reduced accordingly.

9.   Gore wants to leave the system unchanged and maintain the current level of guaranteed benefits even as the number of retirees grows substantially.

10.   He said the plan would also make private investment voluntary, at least at first, permitting people intimidated by the stock market to opt for the guaranteed benefit.