Updated: 5/16/2006; 3:25:32 PM.

Current events
Post-9-11 events and analyses


daily link  Wednesday, May 18, 2005


Retirement at 70:  Calculations of effect of gradual increases in retirement age for social security and medicare.  " Under present law, it reaches 67 in 2027. That's too slow. Increasing it gradually to 70 by 2030 would require annual increases of about two months a year."  Adjusting early retirement from 62 to 66, and slight increases in progressivity of benefits, saves 3.5% of GDP by 2030.   12:49:41 AM  permalink  

 
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Copyright 2006 © Ken Novak.
Last update: 5/16/2006; 3:25:32 PM.