Bipartisan Group Mulls Lifting Retirement Age

“A bipartisan group led by Sens. Angus King (I-ME) and Invoice Cassidy (R-LA) is contemplating steadily elevating the retirement age to about 70 as a part of their laws to overtake Social Safety,” Semafor reviews.

“Different choices on the desk embody altering the present components that calculates month-to-month advantages from one primarily based on a employee’s common earnings over 35 years to a unique components that’s primarily based as an alternative on the variety of years spent working and paying into Social Safety.”

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