Any comments about Mr Madoff?

[sugarpop]

Originally Posted by Happy Monkey

It only has to be raised if life expectancy increases. Solvency is not a problem unless there are too many retired people for the working population to support. And, as TheMercenary pointed out, there are much easier (both politically and practically) ways of increasing funding than raising the retirement age. Of the three methods I mentioned (rates/retirement ages/upper tax limits), the retirement age is the one I would expect to, politically, need a life expectancy justification.

Raising the retirement age to 80 simply could not happen, politically, unless people were regularly living well past it. Raising the maximum yearly limit would, comparatively, be a cinch.

I still don't get why it needs to be raised. Just make people pay in based on what they actually make.