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Chaffetz Social Security Reform Proposal

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techstepgenr8tion
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10 Nov 2011, 2:48 pm

http://www.heraldextra.com/news/local/g ... 62452.html

Interesting ideas and, for what social security was when it was designed and what retirement age actuarially meant, it seems quite reasonable.


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JakobVirgil
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10 Nov 2011, 3:01 pm

techstepgenr8tion wrote:
http://www.heraldextra.com/news/local/govt-and-politics/article_2a6a21bd-815a-50c2-a032-0e6125962452.html

Interesting ideas and, for what social security was when it was designed and what retirement age actuarially meant, it seems quite reasonable.


Does not sound as dumb as most of what Jason says he my grow into a real rep someday.


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pandabear
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10 Nov 2011, 4:15 pm

Keeping all of these old farts in the labour force until the age of 70--just sounds like a terrible idea to me.

Probably means that more and more people will be signing up for SSDI in their sixties.



ruveyn
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10 Nov 2011, 4:19 pm

pandabear wrote:
Keeping all of these old farts in the labour force until the age of 70--just sounds like a terrible idea to me.



Why? What is wrong with an able bodied and able minded person doing honest work?

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blauSamstag
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10 Nov 2011, 4:26 pm

JakobVirgil wrote:
techstepgenr8tion wrote:
http://www.heraldextra.com/news/local/govt-and-politics/article_2a6a21bd-815a-50c2-a032-0e6125962452.html

Interesting ideas and, for what social security was when it was designed and what retirement age actuarially meant, it seems quite reasonable.


Does not sound as dumb as most of what Jason says he my grow into a real rep someday.


Yes, i was going to say that Chaffetz is an ass, but this is the least smelly thing he has produced to date.



ruveyn
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10 Nov 2011, 4:34 pm

blauSamstag wrote:

Yes, i was going to say that Chaffetz is an ass, but this is the least smelly thing he has produced to date.


It is sound on actuary basis.

ruveyn



androbot2084
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10 Nov 2011, 4:49 pm

Problem is employers don't like to hire older people.



techstepgenr8tion
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10 Nov 2011, 4:55 pm

androbot2084 wrote:
Problem is employers don't like to hire older people.

Raising retirement age would also increase the age at which such discrimination starts occurring.


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blauSamstag
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10 Nov 2011, 5:04 pm

ruveyn wrote:
blauSamstag wrote:

Yes, i was going to say that Chaffetz is an ass, but this is the least smelly thing he has produced to date.


It is sound on actuary basis.

ruveyn


The ever-increasing retirement age sounds a little unsustainable to me. Older people have a hard enough time getting work as it is.



androbot2084
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10 Nov 2011, 5:11 pm

I have seen workers in their 50's experience horrible discrimination.



techstepgenr8tion
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10 Nov 2011, 5:39 pm

androbot2084 wrote:
I have seen workers in their 50's experience horrible discrimination.

Who hasn't?


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blauSamstag
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10 Nov 2011, 5:44 pm

and i once had a 62yo coworker at pizzahut. he was making pizza.



ruveyn
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10 Nov 2011, 7:20 pm

blauSamstag wrote:
ruveyn wrote:
blauSamstag wrote:

Yes, i was going to say that Chaffetz is an ass, but this is the least smelly thing he has produced to date.


It is sound on actuary basis.

ruveyn


The ever-increasing retirement age sounds a little unsustainable to me. Older people have a hard enough time getting work as it is.


If the wages are low enough they can get work. Older workers know how to concentrate and can do a better job.

ruveyn



blauSamstag
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10 Nov 2011, 8:17 pm

ruveyn wrote:
blauSamstag wrote:
ruveyn wrote:
blauSamstag wrote:

Yes, i was going to say that Chaffetz is an ass, but this is the least smelly thing he has produced to date.


It is sound on actuary basis.

ruveyn


The ever-increasing retirement age sounds a little unsustainable to me. Older people have a hard enough time getting work as it is.


If the wages are low enough they can get work. Older workers know how to concentrate and can do a better job.

ruveyn


How low do they have to be to pay for insurance to hire someone who's bones are going to shatter if they slip?



pandabear
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10 Nov 2011, 8:57 pm

blauSamstag wrote:
ruveyn wrote:
blauSamstag wrote:
ruveyn wrote:
blauSamstag wrote:

Yes, i was going to say that Chaffetz is an ass, but this is the least smelly thing he has produced to date.


It is sound on actuary basis.

ruveyn


The ever-increasing retirement age sounds a little unsustainable to me. Older people have a hard enough time getting work as it is.


If the wages are low enough they can get work. Older workers know how to concentrate and can do a better job.

ruveyn


How low do they have to be to pay for insurance to hire someone who's bones are going to shatter if they slip?


After their bones shatter, they can go on SSDI. After two years on SSDI, they will qualify for Medicare.



techstepgenr8tion
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10 Nov 2011, 10:30 pm

Hasn't one of the arguments been about general health and longevity as well? Back when it first started most people died shortly after retiring, sixty-somethings seventy or eighty years ago were much less healthy than sixty-somethings of today, which themselves are likely to be significantly less healthy than the sixty-somethings that my generation will be another thirty years from now. I think that's why raising ages would be relevant over time - as public health and intervention improve in quality and particularly as people's receiving ages keep creeping upward.


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