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AIG Chief Sees Retirement Age as High as 80 After Crisis

Posted on 06/04/2012 6:03:48 AM PDT by Perdogg

Link only due to copywrite issues


TOPICS: Business/Economy; Extended News; Miscellaneous
KEYWORDS: benbernanke; timgeithner; wallstreet
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1 posted on 06/04/2012 6:03:52 AM PDT by Perdogg
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To: Perdogg

I’m not working until I’m 80 to pay for some deadbeat to retire from the public sector at 55.


2 posted on 06/04/2012 6:06:36 AM PDT by jersey117
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To: jersey117

The Germans feel that way about the Greeks right now.
Except I believe the Greeks get to retire at age 50!


3 posted on 06/04/2012 6:07:48 AM PDT by Maine Mariner
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To: Maine Mariner

I have a feeling that would only be through forced labor camps. There are a lot of other options for the Citizen to pursue before that is imposed upon us.


4 posted on 06/04/2012 6:09:36 AM PDT by hal ogen (First Amendment or Reeducation Camp?)
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To: Maine Mariner
Except I believe the Greeks get to retire at age 50!

Only if they work in a hazardous job. Which at this point includes things like Hair Dresser ( chemicals you see) and Journalist (germs on the microphone) as Mark Steyn pointed out.
5 posted on 06/04/2012 6:12:06 AM PDT by Kozak (The means of defence against foreign danger, have been always the instruments of tyranny at home JM)
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To: jersey117

55?

Ha we should be so lucky.


6 posted on 06/04/2012 6:16:00 AM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: Kozak

All teachers and professors because of the stress?


7 posted on 06/04/2012 6:17:27 AM PDT by Maine Mariner
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To: Perdogg

Unless you own your own company it is not realistic, because in spite of age discrimination laws companies, trim older workers from their payrolls as they approach their early 60s.


8 posted on 06/04/2012 6:18:23 AM PDT by The Sons of Liberty (Sworn to Defend The Constitution Against ALL Enemies, Foreign and Domestic. So Help Me GOD!)
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To: Perdogg

In the Obama economy, there simply aren’t enough jobs to allow current members of the workforce to work for an additional 15-18 years, and still allow younger people into the workforce.


9 posted on 06/04/2012 6:19:00 AM PDT by Lou L (The Senate without a filibuster is just a 100-member version of the House.)
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To: Perdogg

Dick Lugar is 80, so I guess he was due.

Orrin Hatch is 78. Close enough for government work.


10 posted on 06/04/2012 6:27:53 AM PDT by southernnorthcarolina ("Better be wise by the misfortunes of others than by your own." -- Aesop)
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To: jersey117
"I’m not working until I’m 80 to pay for some deadbeat to retire from the public sector at 55." Honestly, the more things go the way they have been the more I don't want anything to do with a significant segment of the population. I'm very sad, and more than a little resentful.
11 posted on 06/04/2012 6:30:38 AM PDT by pieceofthepuzzle
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To: Perdogg

Thats a bit later that I’m planning on (I’m 51 and I don’t see retirement happening before 70).

But it sort of coincides with what I’ve said previously. With demographics being what they are, and with this country’s slow slide towards socialism, I think retirement will soon be a concept enjoyed only by the wealthy.


12 posted on 06/04/2012 6:31:06 AM PDT by kidd
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To: jersey117

—I’m not working until I’m 80 to pay for some deadbeat to retire from the public sector at 55.—

Though I agree with the sentiment, when this has played out, I think most of us will just be glad that we and “some” of our kids made it out alive. Assuming we DID.


13 posted on 06/04/2012 6:57:37 AM PDT by cuban leaf (Were doomed! Details at eleven.)
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To: Perdogg

—Greece, where the average life expectancy is 81.3 years, has an effective retirement age of 59.6, among the lowest in Europe, according to data compiled by Bloomberg. —

In the US, when SS was started, the average life expectancy was less than the SS retirement age. So in Greece, retirement now should kick in at 82.


14 posted on 06/04/2012 6:58:54 AM PDT by cuban leaf (Were doomed! Details at eleven.)
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To: cuban leaf
when this has played out, I think most of us will just be glad that we and “some” of our kids made it out alive. Assuming we DID.

So true.

15 posted on 06/04/2012 6:59:44 AM PDT by jersey117
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To: The Sons of Liberty

—Unless you own your own company it is not realistic, because in spite of age discrimination laws companies, trim older workers from their payrolls as they approach their early 60s.—

I’m 58 and made the move back to IT contracting to enable my move from Seattle to KY. I made the decision last month that when I re-enter the job market I’m slicing the back 10 years off my resume and removing the dates from my school graduations. I can get away with it because I come across as anything from 15-20 years younger than I am, but I gotta get in the door first...

Contracting is great for “older” workers, because the employers want experience, first and foremost. Conversely, when hiring “employees”, they want something without too much mileage on it.


16 posted on 06/04/2012 7:02:32 AM PDT by cuban leaf (Were doomed! Details at eleven.)
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To: Perdogg

I am retiring at 62 1/2. Even if I am broke. I will sit on my ass and eat beefaroni and do nothing. I will go Galt. I am tired of feeding the pig.


17 posted on 06/04/2012 7:05:37 AM PDT by central_va ( I won't be reconstructed and I do not give a damn.)
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To: Perdogg

Last I checked the average American MAN has a life expectancy of 72 years, maybe slightly more.

Lumping both sexes together distorts the overall picture because females live much longer than males on the average.

I suppose men now have to work to death before getting a cent from 60 years of paying in?
Not this one. I’m retiring at the fist allowable time.


18 posted on 06/04/2012 7:30:21 AM PDT by bill1952 (Choice is an illusion created between those with power - and those without)
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To: central_va

Guess I am in the minority here. Since my dad retired all he does is putter around the house. I think I’d go absolutely insane. I may keep on working till the day I die, strictly for mental health reasons.


19 posted on 06/04/2012 7:34:02 AM PDT by Buckeye McFrog
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To: bill1952; Perdogg
Last I checked the average American MAN has a life expectancy of 72 years, maybe slightly more.

It's almost 76 now.

20 posted on 06/04/2012 8:01:35 AM PDT by Paleo Conservative
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