Relevant:
- Democrats Push Plan to Increase Social Security Benefits and Solvency
- How Privatized Social Security Works in Galveston (And MLI's "Moron of the Month")
- Social Security Benefit Increase 2013 Among The Lowest Since 1975
- A clash of generations -- 1 out of 6 Americans receiving Social Security benefits. A larger share of workforce dominated by older Americans.
- Calls for Social Security Expansion Grow Louder in Washington (YES, EXPANSION)
2013-01-17 — cbsnews.com
An influential group of business CEOs is pushing a plan to gradually increase the full retirement age to 70 for both Social Security and Medicare and to partially privatize the health insurance program for older Americans.
The Business Roundtable's plan would protect those 55 and older from cuts but younger workers would face significant changes. The plan unveiled Wednesday would result in smaller annual benefit increases for all Social Security recipients. Initial benefits for wealthy retirees would also be smaller.
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