Officials: Senators consider raising retirement age - TwoWheelForum: Motorcycle and Sportbike forums
 
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post #1 of 6 (permalink) Old 06-15-2005, 12:20 PM Thread Starter
 
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Officials: Senators consider raising retirement age

WASHINGTON (AP) -- Work till you're 69 before getting full Social Security benefits?

That's one possibility -- for Americans who retire two decades or more into the future -- as Republicans on a key Senate committee review suggestions for improving the program's solvency.

No decisions have been made yet, and it could be fall before the politically volatile Social Security issue reaches the floor of either the House or Senate, if then.

At the same time, an increase in the retirement age is one of the suggestions that Sen. Charles Grassley, chairman of the Senate Finance Committee, outlined last week for fellow Republicans on the panel, according to several officials. Officials said Grassley's suggestion for raising the retirement age would be phased in, possibly over two decades or more, depending on future demographic trends.

The Iowa Republican has also suggested steps to hold down benefits for future upper-income retirees. The officials who described his presentation did so on condition of anonymity, saying the discussions were confidential.

Under current law, the age for retiring with full Social Security benefits is 65 years and six months. It is rising gradually until it reaches 67 for individuals born in 1960 or later.

http://www.cnn.com/2005/POLITICS/06/....ap/index.html
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post #2 of 6 (permalink) Old 06-15-2005, 12:36 PM
 
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correct me if i am wrong but any excess paid into the social security fund the goverment spends every year? Maybe stopping that would fix the problem. Or better yet make social security part of the politicians retirement package instead of the unbelievable packages i hear they get now after only serving a couple years. i am sure it would be fixed right then.
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post #3 of 6 (permalink) Old 06-15-2005, 01:33 PM
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This is I plan on retiring when I'm no older than 55. 69 is pure crapola!! Cool number though!!




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post #4 of 6 (permalink) Old 06-15-2005, 02:09 PM Thread Starter
 
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WHEW!...I'm glad I did it at 44...
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post #5 of 6 (permalink) Old 06-16-2005, 05:43 AM
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Quote:
Originally Posted by Gas Man
This is I plan on retiring when I'm no older than 55. 69 is pure crapola!! Cool number though!!
, what do you think was on their minds?
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post #6 of 6 (permalink) Old 06-16-2005, 12:04 PM
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Nuttin...they already said their senators!!




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