SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: SilentZ who wrote (200272)9/4/2004 8:38:58 PM
From: i-node   of 1576129
 
But, I don't think it's as much as you'd think, especially if we raise the age of eligibility for Social Security to 70.

The fundamental problem with SS (other than the political one which makes your suggest literally impossible) is that payments into the plan are made as though it is a defined contribution plan, while payments out are as though it is a defined benefit plan -- two totally different concepts in pension funding. In short, YOU CAN'T DO THAT. You pick one or the other, UNLESS you actuarily resolve the differences. Nobody ever did.

I appreciate even that you are making an effort to understand it is a problem. But you're going to have to think much more deeply than "increasing the retirement age" or "means testing" to even start along the lines of viable suggestions.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News