Proposed Social Security Changes (pensions, 2013, retirees, adult)
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Will pay raises of all current government employees (from the President & Congress on down) be subject to the "chained CPI" also ?? If not, why not ??
All who are retired no matter where they retired from in the Government will be affected. People who are not retired do not get a cola. At least I don't remember getting a cola while employed and if my old age is deceiving me I apologize but if they do get one - yes it will also pertain to them.
Chained CPI as proposed would be the new standard the gov't would use and would impact far more than being discussed in this forum. Anything indexed to the CPI would be impacted.
In my humble opinion, I want to see SS and medicare benefits for the wealthy adjusted before they cut benefits for those at the lower end of the retirement scale.
SS and medicare cuts will not affect the billionaries in anyway what so ever, yet a couple surviving on $25K/year of SS benefits are impacted by every cut or increase in medicare premiums.
In my humble opinion, I want to see SS and medicare benefits for the wealthy adjusted before they cut benefits for those at the lower end of the retirement scale.
SS and medicare cuts will not affect the billionaries in anyway what so ever, yet a couple surviving on $25K/year of SS benefits are impacted by every cut or increase in medicare premiums.
+1.
I'd also expect some (graduated) consideration based on age. Slowing benefit increases of someone who's 62 and could still work (however undesirable) is not the same as slowing increases to someone who's 85. No group should be "off the table" IMO - but that doesn't mean we just arithmetically hit everyone with a meat axe either.
Federal employees are on their 3rd year without a pay raise.
This does not surprise me. I remember when I was employed = went many years with no raise. I left the government agency I worked for to work for the P.O. because I made more money - not very satisfying job but more money - they are union and the union gets them the best benefits. Not that I totally agree with unions. They were useful at one time but think they have outlived their usefulness.
In my humble opinion, I want to see SS and medicare benefits for the wealthy adjusted before they cut benefits for those at the lower end of the retirement scale.
SS and medicare cuts will not affect the billionaries in anyway what so ever, yet a couple surviving on $25K/year of SS benefits are impacted by every cut or increase in medicare premiums.
I disagree, I think everyone should help. Really a cola for someone who makes under $800 per month is not going to cause that person starve. They are poor with or without that cola.
In my humble opinion, I want to see SS and medicare benefits for the wealthy adjusted before they cut benefits for those at the lower end of the retirement scale.
SS and medicare cuts will not affect the billionaries in anyway what so ever, yet a couple surviving on $25K/year of SS benefits are impacted by every cut or increase in medicare premiums.
Marc, I understand your thinking but I suspect many billionaires are eligible for very little in SS if any at all. Inherited money is not subject to the payroll tax nor are dividends, interest or capital gains the source of much of that wealth. While it is private information I would find it interesting to know what Gov Romneys SS benefit is or would be. My guess is probably very low as I doubt there are many years he had earned income worth very much. Walton kids probably don't qualify etc etc etc. So the dollar amount saved would be minimal in many cases. Teachers often wonder why they are always targeted in state and local budget cuts and the primary reason is that is usually the biggest area of the budget. So with SS it MIGHT be necessary to target a larger mass of the recipients to get the desired savings.
In my humble opinion, I want to see SS and medicare benefits for the wealthy adjusted before they cut benefits for those at the lower end of the retirement scale.
SS and medicare cuts will not affect the billionaries in anyway what so ever, yet a couple surviving on $25K/year of SS benefits are impacted by every cut or increase in medicare premiums.
I would say raise the cap on FICA, raise FICA 1% and gradually raise the retirement age to 68.
If you cut current SS recipients you will end up sending many of them into poverty because costs are regardless and COLAs haven't been keeping up because food, energy and housing aren't included and those are the costs going up the most and we all NEED them.
I would say raise the cap on FICA, raise FICA 1% and gradually raise the retirement age to 68.
If you cut current SS recipients you will end up sending many of them into poverty because costs are regardless and COLAs haven't been keeping up because food, energy and housing aren't included and those are the costs going up the most and we all NEED them.
Wouldn't surprise me, and AARP would presumably agree. But it seems to put the burden entirely on current and future generations. Current and future generations are also facing a larger daunting set of fiscal deficit/debt issues beyond Soc Sec. FWIW
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If not, why not ?? 
