https://longevity.stanford.edu/wp-content/uploads/2017/05/new-logo2-01-300x107.png 0 0 admin https://longevity.stanford.edu/wp-content/uploads/2017/05/new-logo2-01-300x107.png admin2012-11-13 23:41:162012-11-13 23:41:1611/13/2012 - The Big Downside of Raising the Retirement Age
11/13/2012 – The Big Downside of Raising the Retirement Age
Now that the post-election entitlements fights are back in the spotlight, raising the Social Security retirement age will return to center stage as one of the common prescriptions for closing the program’s long-term funding gap. Increasing or entirely lifting the ceiling on taxable wages—set at $113,700 in 2013—is another frequently mentioned proposal. Further down on the list are measures to change the annual cost-of-living adjustment for Social Security recipients, restrict payments to high-income beneficiaries, and a slew of benefit tweaks that could have a meaningful cumulative impact on program finances.
Read the full article at US News & World Report.