Entitlement Reform - Social Security

One of the many big debates today is what to do with Social Security.  One side wants to overhaul the system while the other may want overhaul it too, just not as much.  Here is my spin and if it seems too simple maybe it will work.  From what I remember about Social Security, the trust was created to first, be protected from "budget raiding" and there were a lot more workers supporting a person receiving Social Security.  Thanks to our American know how, we are living longer, working longer (if we choose or some unfortunate circumstance has forced this) and have built economic sectors from zero (look at technology).  One thing that has happened that was not planned for, I think, population growth in this country has slowed.  After years of "budget raiding" and slowed population growth we now have the case where less workers are supporting more recipients, you don't have to be a math genius to know Social Security is heading for bankruptcy.  To shore this program up I have three points.  First, stop the "budget raiding".  Make the House and Senate budget with what they have.  I bet if we didn't fund pork projects like, "A Study of Risky Sexual Behavior Amongst Brazilian Homosexual Men" (look it up we paid for this) there would be more money.  Next, stop the fraud.  If we took reform seriously we would hire, train, let investigate and prosecute the fraudsters more money would be going into the system.  Finally, tier the system.  For instance if you are age X or older by date X you are in the current plan, no changes.  Next, if you are between age X and Y by date Z and have met the contribution requirement to receive benefits you can continue to pay into the system or take that money and invest it in an IRA or retirement plan of your choice.  Finally, to the new workers who are graduating now, you can either pay into the system until you are entitled to some benefit then take this money and put it into a retirement plan of choice. Or, you can choose a retirement plan of choice.  The caveat for the last two groups, once you choose, that's it.  The only way I see this working is if people are taught the value of saving early, I was, ignored it, then got wiped out in a divorce.  Let me know what you think.