The Most Recent Proposal for Social Security
Earlier this month Rep. Reid Ribble submitted his own take on insuring the future of Social Security. Ribble’s bill claims to shore up the solvency of Social Security for the next 75 years, adding about 60 years to the administration’s current life expectancy. In order to achieve this, he proposes raising the retirement age from 67 to 69, however the early retirement age would remain at 62. One of the bigger changes comes in how COLA would be calculated. The new calculations, called Chained-CPI, is another hotly debated topic among economists. For more information visit this article by Melanie Waddell with Think Advisor.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.