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Business CEOs call for raising retirement age
http://www.krqe.com ^ | Jan. 16, 2013

Posted on 01/17/2013 4:26:52 AM PST by Wolfie

Edited on 01/17/2013 5:34:13 AM PST by Admin Moderator. [history]

WASHINGTON - An influential group of business CEOs is pushing a plan to gradually increase the full retirement age to 70 for both Social Security and Medicare and to partially privatize the health insurance program for older Americans.

The Business Roundtable's plan would protect those 55 and older from cuts but younger workers would face significant changes. The plan unveiled Wednesday would result in smaller annual benefit increases for all Social Security recipients. Initial benefits for wealthy retirees would also be smaller.


(Excerpt) Read more at krqe.com ...


TOPICS: Culture/Society
KEYWORDS: socialsecurity
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1 posted on 01/17/2013 4:27:02 AM PST by Wolfie
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To: Wolfie

By the time I am ready to retire, I will have to be 90. That will be 75 years of paying into a system I most likely won’t have access to.


2 posted on 01/17/2013 4:29:13 AM PST by autumnraine (America how long will you be so deaf and dumb to the tumbril wheels carrying you to the guillotine?)
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To: Wolfie

Someone has to work longer, harder, more efficiently if there’s money to be had to pay for welfare and Obamaphones...


3 posted on 01/17/2013 4:31:13 AM PST by abb
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To: Wolfie
The eligibility age for Medicare is 65.

Notable exception - People who are on disability S.S. receive Medicare automatically, two years after they become disabled and that applies to a whole lot of Americans.

4 posted on 01/17/2013 4:39:00 AM PST by Graybeard58
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To: Wolfie

Similar to Ryan plan.

I am not defending any plan that does not recognize that SS and medicare are rcreating deficits now, they are spending borrowed money NOW.
Tell you what, cut those progams now and save the trust fund IOUs for us.

The 55 age threshold is not accidental, its the GOP base voter. Its the one group Romney won solidly.


5 posted on 01/17/2013 4:39:58 AM PST by sickoflibs (Losing to O is NO principle!)
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To: sickoflibs

We’ve all known this was coming. We will all be working and fall over dead in our chairs or assembly line (if the robots haven’t taken that away yet) never collecting a dime if our social security. Meanwhile a guy that wants to get his name in the news and probably has so much cash reserves from making an annual multi-millionaire salary that he won’t need it makes this recommendation. I’m so surprised...


6 posted on 01/17/2013 4:43:56 AM PST by jsanders2001
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To: Wolfie

And what is the retirement age in France? 50? or Greece? 45? Are young Americans going to sit still for a 70 years old retirement age?


7 posted on 01/17/2013 4:43:56 AM PST by 2001convSVT (Going Galt as fast as I can.)
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To: 2001convSVT

my parents both worked past 70 and had to be kicked out. What else is there to do, really? Golf? boring


8 posted on 01/17/2013 4:46:17 AM PST by yldstrk (My heroes have always been cowboys)
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To: jsanders2001

And I wonder whose campaigns these CEOs donated to? Now they have even been co-opted to assist in King O’s mind control experiments with the mindless portion of the public


9 posted on 01/17/2013 4:48:23 AM PST by jsanders2001
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To: Wolfie
Raising the retirement age is a demographic requirement; we have simply been putting it off out of political cowardice. They are phasing in the shift from age 65 to age 67 (starting in 2000 and ending in 2027), and they should simply continue that increase to age 70 at a slightly higher rate, adding two months to the normal retirement age every year after 2027 until the age reaches 70 or more likely 72. Even if life expectancy levels off, as is likely at best under ObamaCare, a higher retirement age is needed to have any social security at all when those who are 40 or younger reach that age.

Note: This is not a proposal to cut benefits for those currently retired, nor does it move the goal line for those who are in the last stages of preparing for retirement. It simply makes social security sustainable by delaying retirement benefits for those who are more than 14 years from eligibility at this time, when we can adjust our long-term plans well in advance. The alternative is even worse for those who plan to depend on social security.

10 posted on 01/17/2013 4:48:31 AM PST by Pollster1
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To: Wolfie

I have no problem with this idea. Also, 20 and out retirements in the (non-military government needs an adjustment. These people are gone just when they are in their prime. Often they government hires them back as contractors or advisers and big bucks.


11 posted on 01/17/2013 4:50:42 AM PST by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-hereQaeda" and its allies.)
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To: Wolfie

I have no problem with this idea. Also, 20 and out retirements in the (non-military government needs an adjustment. These people are gone just when they are in their prime. Often they government hires them back as contractors or advisers and big bucks.


12 posted on 01/17/2013 4:50:51 AM PST by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-hereQaeda" and its allies.)
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To: Wolfie

That means the age of getting a pension and/or social security.
Bull$shit. White males over 55 are the first to be laid off, and then can’t get jobs,


13 posted on 01/17/2013 4:51:29 AM PST by I want the USA back
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To: jsanders2001
RE :”We’ve all known this was coming. We will all be working and fall over dead in our chairs or assembly line (if the robots haven’t taken that away yet) never collecting a dime if our social security”

But we didnt nor dont know WHEN that will happen or to who yet,

The Ryan idea repeated here says that those over the magical age of 55 (whenever this is passed) win the lottery, they get to join the gravy train line.

The rest of us are out of luck though, sorry, all that money will be gone by then, that's the way it goes.

With any luck Dems will delay this until I am 55 and then the Ryan club will fight to defend me too, my place on the GOP base voter gravy train.

14 posted on 01/17/2013 4:52:11 AM PST by sickoflibs (Losing to O is NO principle!)
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To: Wolfie

Great I will be hacking on JAVA, C and C++ code until I am 70. Great.


15 posted on 01/17/2013 4:56:33 AM PST by central_va ( I won't be reconstructed and I do not give a damn.)
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To: Wolfie; autumnraine

A bunch of liberal CEO’s that benefit from government... that’s my guess. I assume GE in on board... and every other ‘business’ that skims their full ‘share’ of government handouts...

Where’s the list of companies?

Roundtable?

Yeah, right. More like ‘under the table’...


16 posted on 01/17/2013 4:56:44 AM PST by GOPJ ( Gang members breaking down YOUR door-daughter&wife screaming -Dems took YOUR gun. Shots fired.)
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To: yldstrk

It is one thing if you want to work into your retirement years, my Grandfather worked until he was 85, it is all together different if you are being forced to work because you can’t draw a pension, social security or medicare. It must be a choice of the individual. Retirement means a lot of different things to everyone and is not necessarily a slower life than a working life. Bottom line, it is all about the freedom to choose.


17 posted on 01/17/2013 4:57:28 AM PST by 2001convSVT (Going Galt as fast as I can.)
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To: Wolfie

CEO’s shouldn’t care about government programs, per se.

They should make it clear that government mandated costs/taxes tied to employees are always borne by the employees. If they become too high they will fire employees until they become manageable.

If the employee costs are still too high, in combination with other business taxes and regulations to make the desired profit, they’ll close the company or move it someplace where profit is possible.

That’s the only job of business, and the only comments CEO’s should be making.


18 posted on 01/17/2013 4:58:27 AM PST by RFEngineer
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To: Wolfie

If we were allowed to save for our own retirement, instead of making mandatory contributions to an inefficient government program, we wouldn’t have to wait for the government to tell us when we could retire.


19 posted on 01/17/2013 4:59:55 AM PST by rightwingintelligentsia (Be careful of believing something just because you want it to be true.)
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To: jsanders2001; Wolfie

This is informative though.

Back two years ago 2011 Ryan pitched this <>55 medicare idea to the new GOP House and got them to vote for it.

Ryan then went home to WI and got yelled at by his district voters in a town Hall meeting or two and backtracked on it, then it died. He eventually came up with a version that gives those under 55 a choice but by then it was too late.

I know Rush and CO loved the idea but I still couldnt figure why Rayn was pitching an idea that was obvious to me would never see the light of day in a passed law, and get House GOP members tio vote for it yet.
And this post answers that, its these business leaders.

BTW : If they raise the age of medicare then we go on O care at 65 instead and that doesnt sound attractiive.


20 posted on 01/17/2013 5:01:36 AM PST by sickoflibs (Losing to O is NO principle!)
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To: Wolfie

My Dad was a barber and worked until he was 80. He was edged out by Vietnamese women who slowly took over the shop. He loved working! It was very social. Old retired Colonels, Generals, Senators etc went there. In McLean Va. It’s where I learned my politics. From guys that were there.

I have no plans to retire. Nothing to do.


21 posted on 01/17/2013 5:02:24 AM PST by albie
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To: Pollster1

Agreed. Raising the age makes perfect sense. A decision has to be made, however. Social security has evolved into a retirement savings program in the eyes of most Americans. In the beginning it involved paying a small 1% payment of income over a lifetime to secure every American would not go without in their final years. Now, with higher life expectancy and growing nanny state views, it takes approximately 15% of our income and will start welll after our working years. As another person mentioned, it is difficult to get employment after 55, so we are looking at people needing something to bridge the gap for well over a decade.

If SS is just a safety net for our final years, it needs to have a very high age to qualify, and a much smaller payment over our lifetime. Alternatively if it is going to be a forced retirement program taking 15% of our earnings, the age cannot go up that high.


22 posted on 01/17/2013 5:04:54 AM PST by ilgipper (Obama supporters are comprised of the uninformed & the ill-informed)
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To: Wolfie
And, at the same time, ObamaCare will restrict "scarce procedures" to those below 57 years of age because they do not "contribute to the state" adequately.

So, we will have folks, usually veterans, whose knees and shoulders are deteriorating, limping along, having to work for 13 years in an increasingly physical state of deterioration.

Yeah, it makes perfect sense to me...just like "Logan's Run"!

23 posted on 01/17/2013 5:05:32 AM PST by Redleg Duke ("Madison, Wisconsin is 30 square miles surrounded by reality.", L. S. Dryfus)
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To: Wolfie

Ah, the genius of the plan! Give amnesty to the illegal aliens, raise the retirement age to 80 and tax ‘em til they drop. Welcome to the age of slavery.


24 posted on 01/17/2013 5:07:16 AM PST by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: albie

That’s nice. Not many 70 year old construction workers, though.


25 posted on 01/17/2013 5:07:50 AM PST by Wolfie
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To: Redleg Duke

Usually veterans? No, it happens to everybody.


26 posted on 01/17/2013 5:09:28 AM PST by Wolfie
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To: sickoflibs

Considering that Ryan supports pandering to illegal aliens, that makes anything he says suspect and most likely worthless.

Ryan should be dropped off in the middle of one of his beloved dunghole countries that dump their human trash in America.


27 posted on 01/17/2013 5:10:34 AM PST by soycd
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To: Wolfie

Not many 70 year old construction workers, though.”

...my neighbors Dad still works at 76. Worked construction his whole life. Now he drives a truck for the company.


28 posted on 01/17/2013 5:14:13 AM PST by albie
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To: Wolfie

Many jobs that require physical labor become way more difficult to even dangerous.

I really don’t ever want to quit working. I like what I do, I enjoy working. My body on the other hand is hinting that I may need to enjoy it in shorter increments, maybe 3 days a week vs 6.


29 posted on 01/17/2013 5:19:00 AM PST by Deepest South
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To: Wolfie

Why do CEO’s care what age I start drawing SS? They care because they tack SS on to their retirement package to make it look bigger. Just another manipulation by the fortune 1000.


30 posted on 01/17/2013 5:19:12 AM PST by vet7279
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To: soycd
RE :”Considering that Ryan supports pandering to illegal aliens, that makes anything he says suspect and most likely worthless.
Ryan should be dropped off in the middle of one of his beloved dunghole countries that dump their human trash in America.”

HA-HA, I was on to him long before that and wasnt impressed when Romney picked him.

He was sold as this conservative visionary, but I saw him as just another GOP tool, neither special or evil.

31 posted on 01/17/2013 5:19:48 AM PST by sickoflibs (Losing to O is NO principle!)
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To: soycd

Yep, the Ryan vision has us standing on line behind Dreamers (illegals) to get O care when we turn 65.


32 posted on 01/17/2013 5:21:26 AM PST by sickoflibs (Losing to O is NO principle!)
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To: albie

One is not many.


33 posted on 01/17/2013 5:24:59 AM PST by Wolfie
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To: 2001convSVT

Right. Aren’t we going socialist? If so that means 4 day work weeks, early retirement, shared mediocrity, crappy obamaphones.


34 posted on 01/17/2013 5:26:17 AM PST by plain talk
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To: Wolfie

How may of these CEO’s are outsourcing?

Throw them off and ignore them.

For those who are left: Why are those who are outsourcing even in the same room?

We must stop destroying America.


35 posted on 01/17/2013 5:26:56 AM PST by Cringing Negativism Network
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To: Wolfie

Nuts. Those CEOs can start by eliminating their own “golden parachutes.” They drive corporations into the ground, then, escape with intact separation packages worth millions. Everybody else gets thrown into the street with nothing...or work until age 70? Not listening to them.


36 posted on 01/17/2013 5:31:09 AM PST by PowderMonkey (WILL WORK FOR AMMO)
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To: rightwingintelligentsia

We are allowed to save for our own retirement through IRAs. I don’t even mind putting into social security if I thought I was going to get something out of it. What gripes me is that after a life of saving, someone is going to decide I should work longer and have less so that a bunch of freeloaders can have handouts. Changing the rules at the end of the game, or in the middle for that matter is a major problem. People at retirement age have been planning on the rules they were given for their whole career.


37 posted on 01/17/2013 5:37:09 AM PST by toolman1401
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To: Cringing Negativism Network; All

Whatever comrade..


38 posted on 01/17/2013 5:37:51 AM PST by KevinDavis (And you, be ye fruitful, and multiply; bring forth abundantly in the earth, and multiply therein.)
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To: PowderMonkey; All

Wow, you sound like a liberal when you talk like that..


39 posted on 01/17/2013 5:40:22 AM PST by KevinDavis (And you, be ye fruitful, and multiply; bring forth abundantly in the earth, and multiply therein.)
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To: Wolfie

Seems like a start to me, although I’d go further and simply declare Social Security and Medicare to be means-tested WELFARE PROGRAMS once and for all.

After all, they are already welfare programs, in that they are transferring the earnings of one group of people (the workers, and even worse, their kids and grandchildren) to another group of people - those that have already retired.

Now if Al Gore’s Lockbox was still there, things would be different, and they would be funded retirement programs - but things are what they are. So it’s no different than Food Stamps today, except the only requirement for qualify to have access to my kids’ future earnings is age.


40 posted on 01/17/2013 5:41:29 AM PST by BobL
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To: KevinDavis

Objecting to “Do as I say, not as I do” ain’t a Liberal or Conservative thang.


41 posted on 01/17/2013 5:42:10 AM PST by PowderMonkey (WILL WORK FOR AMMO)
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To: jsanders2001
The government owns all sorts of things (e.g. equipment, weapons, land, mineral rights) that not only have commercial value but that they should not own.

These items must be sold and the easily calculable debt to the people that paid into Social Security all these years must be repaid.

Don't let them stiff us! Given the chance, they will declare bankruptcy and keep the assets.

I'll take 40 acres in Yellowstone Park and never complain.

42 posted on 01/17/2013 5:43:46 AM PST by Aevery_Freeman (Proud Thought Criminal since 1984)
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To: KevinDavis

Hire American.

Comrade.


43 posted on 01/17/2013 5:44:21 AM PST by Cringing Negativism Network
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To: PowderMonkey; All

No when you bitch the evil ceo’s makes you sound like socialist then a Conservative.. I think you will find more friends at DU then here.. Comrade..


44 posted on 01/17/2013 5:45:05 AM PST by KevinDavis (And you, be ye fruitful, and multiply; bring forth abundantly in the earth, and multiply therein.)
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To: Graybeard58
People who are on disability S.S. receive Medicare automatically, two years after they become disabled and that applies to a whole lot of Americans.

Some of whom are legitimately disabled, but many who are not.

45 posted on 01/17/2013 5:45:21 AM PST by meyer (When people fear the government, you have Tyranny)
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To: Graybeard58

SSDI numbers are way up over the last 4 years. It is way out of control.


46 posted on 01/17/2013 5:46:31 AM PST by FreedomPoster (Islam delenda est)
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To: rightwingintelligentsia
If we were allowed to save for our own retirement, instead of making mandatory contributions to an inefficient government program, we wouldn’t have to wait for the government to tell us when we could retire.

Another case for an FR 'Like' button. We put away a goodly percentage in our 401(k)s, but if I had the 12.4% from my and my employer's 'contributions', I would be able to retire easily years ahead of 70 or 67 or 65.

47 posted on 01/17/2013 5:47:09 AM PST by tnlibertarian
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To: Wolfie

I am taking SS the very first day that I qualify at 62. I don’t need it and will have to pay tax on it but I paid in since 1969 and I’m taking it.


48 posted on 01/17/2013 5:50:29 AM PST by wtc911 (Amigo - you've been had.)
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To: MeneMeneTekelUpharsin
Give amnesty to the illegal aliens, raise the retirement age to 80 and tax ‘em til they drop. Welcome to the age of slavery.

There is a serious trend to reward illegal aliens, pay endless benefits to people who do not work, and now a move to force the productive people to work into old age.

Government is picking winners and losers. As a middle-aged white guy with a decent job, I am now one of life's losers.

49 posted on 01/17/2013 5:50:37 AM PST by ClearCase_guy (Nothing will change until after the war.)
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To: KevinDavis

I’m sorry. Sensitive issue for you is it, Kevin?


50 posted on 01/17/2013 5:54:37 AM PST by PowderMonkey (WILL WORK FOR AMMO)
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