Simpson’s(R) Plan to Raise Social Security Retirement Age
06/07/2012
Mike Hall
Even as Alan Simpson rants against anyone who dares to oppose his scheme to raise the Social Security retirement age, a new study finds such an action would have the greatest impact on workers in the most physically demanding occupations—but would have little overall impact on the financial health of Social Security.
Meanwhile, the California Alliance for Retired Americans—the group at which Simpson directed his most recent rant, calling them “a wretched group of seniors” and “greedy geezers” full of “blather and drivel,” who are “shoveling out bullshit”—is fighting back. The California Alliance has set up an online petition that will be delivered to Congress denouncing Simpson’s plan to raise the retirement age and make other cuts to Social Security. Click here to sign the petition and then share with your friends on Facebook and Twitter.
Simpson is co-author of the 2010 federal commission on the deficit report that calls for raising the Social Security retirement age. But according to the analysis by the American Institute for Economic Research (AIER), “people whose jobs require more physical activity and manual labor tend to retire earlier.”
Further increasing the full retirement age would impact them disproportionately, AIER Research Fellow Dr. Shelly Liang found, because many “are no longer physically capable of doing their jobs and need to retire earlier, regardless of incentives.”This suggests that raising the full retirement age may not result in later retirement. Instead, it may simply reduce benefits for older people who are no longer physically capable of doing their jobs and need to retire earlier.
Simpson is co-author of the 2010 federal commission on the deficit report that calls for raising the Social Security retirement age. But according to the analysis by the American Institute for Economic Research (AIER), “people whose jobs require more physical activity and manual labor tend to retire earlier.”
Further increasing the full retirement age would impact them disproportionately, AIER Research Fellow Dr. Shelly Liang found, because many “are no longer physically capable of doing their jobs and need to retire earlier, regardless of incentives.”This suggests that raising the full retirement age may not result in later retirement. Instead, it may simply reduce benefits for older people who are no longer physically capable of doing their jobs and need to retire earlier.
Editorial : I can see myself working at Goodyear Tire and Rubber Co. Let`s say, running the mills. At age 65. I could not do it ! Hey Alan Simpson, "What part of Go Away, do you not understand" ? I know, lets stop your Pension from the Senate and your Social Security. Evidently you don`t need it ! Alan Simpson, does not live in my world.
The corporations don't have to lobby the government anymore. They are the government.
"Democracy...is two wolves and a lamb voting on what to have for lunch"!
Liberty...is a well-armed lamb contesting the vote.
Fiat Lux
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