Originally Posted by ksigmtsu
Should raise it to 67-70 and put a limit on assets in phases. Turn it into a safety net instead of a retirement plan.
Sorry, that argument will not play out with most Americans. They have been told it is a PENSION plan and that their contributions are generating their future retirement income.
1. They need to be told the retirement age is going to 70 - immediately - because the plan is going broke.
2. Special consideration to be given to those age 65 to 70 if they are unable to find employment and have no other income sources.
3. Means test benefits for wealthier Americans.