2) increase the retirement age
How old are you?
FMCDH(BITS)
I'll answer you because I've been through this process before.
When I started paying into social security, they talked about the baby boomers but nothing had been done. Eventually they came up with the fix to end all fixes and raised the retirment age. Everyone screamed, pols got booted out of office, but it stuck because it was the fix to end all fixes.
Now here we are again, looking for a fix.
Why would I support the fix that didn't work last time rather than the current proposal? Because I personally feel the alternative will cost us more and give us less in return, and deep down inside based on what I've seen I think someone is crooked and trying to screw us. They need a better proposal before I'll support it.
I'll retire at the age of 51 - maybe 52 (if I decide not to buy back the first 6 months of my employment, which were on probation & I didn't get PERS benefits). Outrageous, I know. And folks are (rightly) unhappy about the PERS system in OR. I'll have put in 30 years, & will end up with a pension close to what I made while working. Which is why I have no problem with giving up SS. My plan, assuming I actually lived to receive it, was to invest anything I got from SS into a mutual fund to go to my three newphews.
I could work longer, but I've always been a very frugal sort (conservative, you might say) & have an IRA & a 403b. PERS should have been set up better to begin with, but just as with folks in private business, my account should have been portable (it's not). Lots of things could've been done better.