Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: willowdean

Considering the nature of SS from the beginning, the age at which a recipient can begin to receive it should be adjusted each year according to actuarial tables.


15 posted on 12/30/2012 1:43:34 PM PST by Conservativegreatgrandma
[ Post Reply | Private Reply | To 10 | View Replies ]


To: Conservativegreatgrandma

I disagree. We worked under a contract agreement.That agreement had the age at 66 for full benefits. You shall not breach that agreement. Talk about tables? How about the table of earnings on our money? It is a trust fund!! Lock box right? They didn’t steal our money did they. That is theft!! a felony!!


19 posted on 12/30/2012 1:51:58 PM PST by willowdean
[ Post Reply | Private Reply | To 15 | View Replies ]

To: Conservativegreatgrandma
Considering the nature of SS from the beginning, the age at which a recipient can begin to receive it should be adjusted each year according to actuarial tables.

Yeah...and when Obamacare kicks in life expectancy is going back to the original 65.

Resulting in a big increase in SS payments.

23 posted on 12/30/2012 1:59:56 PM PST by spokeshave (The only people better off today than 4 years ago are the Prisoners at Guantanamo.)
[ Post Reply | Private Reply | To 15 | View Replies ]

To: Conservativegreatgrandma
Results of 1983 reform:

As of 2011, the earliest age for Social Security retirement benefits is 62, but those opting to receive benefits at this age will see benefits reduced by a fraction of a percent for every month before the full retirement age. For those born before 1943, the full retirement age is 65. For those born between 1943 and 1959, the full retirement age is 66, and those born after 1960 receive full retirement benefits at 67.

Later Retirement

Those delaying taking Social Security benefits until after the full retirement age for their particular date of birth may increase benefits by a monthly percentage for each month until reaching age 70.

26 posted on 12/30/2012 2:17:47 PM PST by hinckley buzzard
[ Post Reply | Private Reply | To 15 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson