GOP senator says lawmakers should ‘talk’ about changing retirement age
Sen. John Kennedy (R-La.) said on Sunday that his fellow lawmakers should “talk” more about changing the retirement age for people currently in their 20s in part due to longer life expectancy.
I did the math. If I start getting SSI at 62, by the age of 67 I'll have collected 108,000 dollars and will continue to receive money. If I wait til 67 I'll get more money per month but I won't break even until 82. I'll start collecting at 62.
They should simultaneously discuss prevention of offshoring and strict enforcement of age discrimination laws. But that would make sense, so, not holding my breath.
It depends on what you did for a living. Are you a blue collar or a cube dweller? If you are blue collar, your body is pretty much shot by 55–60. Plus your ability to put up with stupidity and keep your mouth shut means that at 62, you probably need to retire to keep from going to jail. If you are a cube dweller, physically you could make it longer, but mentally it might be a crap shot.
I keep on reading that life expectancy is declining in the US 2-4 years and dropping pretty rapidly. So- should the retirement age drop accordingly or am I missing something
I did physical work and decided earlier on I did not want to be doing it when I got older. Got a job with HP where the hardest task was like a gravy job and thought I had it made, and would have until they shipped production overseas. They did so because they were not making as much as they could, they still turned a profit. Assholes! So, I went back to school and have been in lower lever IT jobs for over two decades now. Granted sitting at a desk all day has other hazards, but not like warehousing, truck driving or steel fabrication. Then we lost our only contract, and I am looking for work at 63...apparently too old to be hired and a little too young per SS to retire, but I am working on it. I am tired of working, I have been doing it since I was 10, probably like many of you.
I've worked for the same company for 39 years and up to the 2008 bank crash we could retire at 55. But the Feds made our union, due the financial condition of the retirement funds, raise that to 65. No grandfather clause. I feel like Charlie Brown when Lucy pulls the football away.
I do physical work and there is no way I'm making it to 65 (I'm 57 right now). As an added kick in the nuts, every year you retire early, you lose 6% off your pension.
I too like many born Americans have worked now for 42 years. And some has been hard labor and 2 jobs to make ends meet and of corse to pay for others that won't work. I too am tired and my husband as well we deserve our entitled retirement. The only thing golden about retirement is your pee.
I can add to the people who did physical work for a living and could not have made it to even 62. I ended up after 35 years leaving to do part time work, until I was able to get disability. My back and the rest of my body are worn out. My elbow had worn the entire joint to nothing, from running air hammers and lifting heavy weight. There should be two different retirement ages for different types of workers. I don't know how they would make that work, but a teacher or lawyer could work longer than a steel worker.
We will entertain the thought of raising the retirement age just as soon as they vote to deny elected government officials from receiving retirement benefits until serving at least 30 years in elected office. Why the fuck should they collect full retirement from serving less than 12 years?
I think it would be worth it to with give politicians retirement pay after even less than 12 years, if it was "shut up and go away" money. As in, you lose it if you ever are seen in any part of the USA again, get into the news, speak in public anywhere, or attend any political or governmental event anywhere.
A discussion on raising the retirement age on younger people is a valid discussion. Also, included in that discussion is the option to NOT be in the system. Let people manage their own retirement funds.
I’m in Wisconsin. We have a good public employee retirement. It was better until teachers and others decided the 8 month a year teachers deserved what year round workers got. People working around the clock and outside were just the same. You can teach school when you’re 65. A lot of people can’t be a paramedic ,a fireman or a street cop at that age.
Also add in doing shift work constantly. Do you remember the dumb shits asking how the Reno air traffic controller couldn’t stay awake a few years ago.
Due to multiple layoffs over the past 25 years and having to start over each time, my retirement savings is nearly nothing. So I’m truly hoping I kick it before 67. Or Wal-mart here I come.
FDR set the retirement age on his Ponzi scheme at 65 because at that time 50% of men died at or before 65 years of age thereby losing all money they had contributed. Still a Ponzi scheme as if you die before you collect all your money is gone.
I remember my dad saying that most men died by 62 back then. you should remember that SSI was is own fund until 1968. when the dems voted to roll in into the general fund- they wanted the money to spend. they could not stand the fact that all that money was just sitting there and they where not allowed to touch it. funny how now you always hear about it going broke ? like my dad always said. they fucking stole it ! and good old LBJ signed into law. at the office of SS in philly. I think I was one of maybe 3 people there who paid into it the other 40 "people" looked like they just got off the boat as my dad used to say.
instead of working your ass off all your life to fork over half or more of your earnings. why don't we shear off 99%if the redundant, wasteful, abusive and parasitic governmental bodies; and live better. also, how bout taking care if families instead if expecting government agencies to do it?
Remember in school when technology was supposed to shorten the work week (1960's, 70's). I remember reading about that in one of my school books, and it makes sense. If we become more productive we can cut the work week. And the American worker has become more productive. Where is all that extra productivity going? (welfare, gov't waste, banksters and off shoring the jobs)
Older people, those smart and lucky enough to survive traditionally move to shop foreman and teaching. Why is a 20 something a teacher when they've never held a real job? How do they even know what's important, let alone all the silliness that is being taught.
Sure, people live linger and some of them can work longer, but do you want to share the road with a 70 year old long haul trucker? At night? In bad weather?
Arguing over the retirement age when we should be questioning WTAF the fed gov has any right to say over it in the first place. Reset the Fed gov to ver 1.0 Steve S6
I'm already on a 20 year retirement from one municipal employer, pinched out at 50, and have been getting a 1,000$ check monthly for the last 75 months, when I retire for the national guard I will have a 40% pension of E-8 base pay as well at age 69. I'm 58 now, and in pretty good health at this time. I don't have much in retirement savings, but the pensions mean I get to be liberated at 60, with the option to retire, add the projected 1700 $ a month from social security at age 62, and I'm feels NG obligated to bail no later than that first check, if I'm still working at that time.
Retirement age for people is already being pushed out to the late 60s; it's 67 for anyone born after 1960, not 62.
ReplyDeleteYou can still start it at 62, I just looked
DeleteYes but you don't get full benefits til 67.
DeleteI did the math. If I start getting SSI at 62, by the age of 67 I'll have collected 108,000 dollars and will continue to receive money. If I wait til 67 I'll get more money per month but I won't break even until 82. I'll start collecting at 62.
DeleteThanks for crunching the numbers. It helps anyone contemplating retirement benefits.
DeleteThe covid vax will shorten the life expectancy.
ReplyDeleteThe stuff I have read states that average life expectancy has already dropped! You are not wrong.
DeleteThey should simultaneously discuss prevention of offshoring and strict enforcement of age discrimination laws. But that would make sense, so, not holding my breath.
ReplyDeleteMuch as I like Kennedy, they should also include mandatory retirement for Congress.
ReplyDeleteX-actly !
DeleteIt depends on what you did for a living. Are you a blue collar or a cube dweller? If you are blue collar, your body is pretty much shot by 55–60. Plus your ability to put up with stupidity and keep your mouth shut means that at 62, you probably need to retire to keep from going to jail. If you are a cube dweller, physically you could make it longer, but mentally it might be a crap shot.
ReplyDeleteI did hard physical labor my entire life and retired at 55, started drawing my SS at 62. I don't think my body would've lasted beyond 65.
DeleteI keep on reading that life expectancy is declining in the US 2-4 years and dropping pretty rapidly. So- should the retirement age drop accordingly or am I missing something
Delete" I dont think my body could have lasted past age 65" that r8ght there my friend may well be part of the idea.
DeleteI did physical work and decided earlier on I did not want to be doing it when I got older. Got a job with HP where the hardest task was like a gravy job and thought I had it made, and would have until they shipped production overseas. They did so because they were not making as much as they could, they still turned a profit. Assholes!
DeleteSo, I went back to school and have been in lower lever IT jobs for over two decades now. Granted sitting at a desk all day has other hazards, but not like warehousing, truck driving or steel fabrication. Then we lost our only contract, and I am looking for work at 63...apparently too old to be hired and a little too young per SS to retire, but I am working on it. I am tired of working, I have been doing it since I was 10, probably like many of you.
told my kids they could do/be anything they wanted.just don't get a job where you have to use your body. mine was wore out at 57. construction work.
DeleteDidn't the CDC just drop the US life expectancy?
ReplyDeleteI've worked for the same company for 39 years and up to the 2008 bank crash we could retire at 55. But the Feds made our union, due the financial condition of the retirement funds, raise that to 65. No grandfather clause. I feel like Charlie Brown when Lucy pulls the football away.
ReplyDeleteI do physical work and there is no way I'm making it to 65 (I'm 57 right now). As an added kick in the nuts, every year you retire early, you lose 6% off your pension.
What in the heck is a pension???
DeleteI too like many born Americans have worked now for 42 years. And some has been hard labor and 2 jobs to make ends meet and of corse to pay for others that won't work. I too am tired and my husband as well we deserve our entitled retirement. The only thing golden about retirement is your pee.
ReplyDeleteI can add to the people who did physical work for a living and could not have made it to even 62. I ended up after 35 years leaving to do part time work, until I was able to get disability. My back and the rest of my body are worn out. My elbow had worn the entire joint to nothing, from running air hammers and lifting heavy weight.
ReplyDeleteThere should be two different retirement ages for different types of workers. I don't know how they would make that work, but a teacher or lawyer could work longer than a steel worker.
We will entertain the thought of raising the retirement age just as soon as they vote to deny elected government officials from receiving retirement benefits until serving at least 30 years in elected office.
ReplyDeleteWhy the fuck should they collect full retirement from serving less than 12 years?
Cause they (congress critters) make the rules. And We The People continue to reelect them.
DeleteAnd a mandatory retirement age of 70.
DeleteI think it would be worth it to with give politicians retirement pay after even less than 12 years, if it was "shut up and go away" money. As in, you lose it if you ever are seen in any part of the USA again, get into the news, speak in public anywhere, or attend any political or governmental event anywhere.
DeleteA discussion on raising the retirement age on younger people is a valid discussion. Also, included in that discussion is the option to NOT be in the system. Let people manage their own retirement funds.
ReplyDeleteStart by raising the minimum age for feral employees to 75. If they "work" fifty years they might accomplish what real people do in a year.
ReplyDeleteI’m in Wisconsin. We have a good public employee retirement. It was better until teachers and others decided the 8 month a year teachers deserved what year round workers got. People working around the clock and outside were just the same. You can teach school when you’re 65. A lot of people can’t be a paramedic ,a fireman or a street cop at that age.
ReplyDeleteAlso add in doing shift work constantly.
DeleteDo you remember the dumb shits asking how the Reno air traffic controller couldn’t stay awake a few years ago.
The big problem isn't what they don't "accomplish", it's what they do.
DeleteDue to multiple layoffs over the past 25 years and having to start over each time, my retirement savings is nearly nothing. So I’m truly hoping I kick it before 67. Or Wal-mart here I come.
ReplyDeleteFDR set the retirement age on his Ponzi scheme at 65 because at that time 50% of men died at or before 65 years of age thereby losing all money they had contributed. Still a Ponzi scheme as if you die before you collect all your money is gone.
ReplyDeleteI remember my dad saying that most men died by 62 back then. you should remember that SSI was is own fund until 1968. when the dems voted to roll in into the general fund- they wanted the money to spend. they could not stand the fact that all that money was just sitting there and they where not allowed to touch it.
Deletefunny how now you always hear about it going broke ?
like my dad always said. they fucking stole it ! and good old LBJ signed into law.
at the office of SS in philly. I think I was one of maybe 3 people there who paid into it
the other 40 "people" looked like they just got off the boat as my dad used to say.
I have an idea.
ReplyDeleteinstead of working your ass off all your life to fork over half or more of your earnings. why don't we shear off 99%if the redundant, wasteful, abusive and parasitic governmental bodies; and live better.
also, how bout taking care if families instead if expecting government agencies to do it?
Remember in school when technology was supposed to shorten the work week (1960's, 70's). I remember reading about that in one of my school books, and it makes sense. If we become more productive we can cut the work week. And the American worker has become more productive. Where is all that extra productivity going? (welfare, gov't waste, banksters and off shoring the jobs)
ReplyDeleteOlder people, those smart and lucky enough to survive traditionally move to shop foreman and teaching. Why is a 20 something a teacher when they've never held a real job? How do they even know what's important, let alone all the silliness that is being taught.
Sure, people live linger and some of them can work longer, but do you want to share the road with a 70 year old long haul trucker? At night? In bad weather?
ReplyDeleteArguing over the retirement age when we should be questioning WTAF the fed gov has any right to say over it in the first place. Reset the Fed gov to ver 1.0
ReplyDeleteSteve S6
It's another distraction that works REALLY well.
DeleteI'm already on a 20 year retirement from one municipal employer, pinched out at 50, and have been getting a 1,000$ check monthly for the last 75 months, when I retire for the national guard I will have a 40% pension of E-8 base pay as well at age 69. I'm 58 now, and in pretty good health at this time. I don't have much in retirement savings, but the pensions mean I get to be liberated at 60, with the option to retire, add the projected 1700 $ a month from social security at age 62, and I'm feels NG obligated to bail no later than that first check, if I'm still working at that time.
ReplyDeleteOops, meant at age 60 not 69, rented thumbs, digital keyboard.
ReplyDelete