Social Security Reform: Raising Retirement Ages Improves Program Solvency but May Cause Hardship for Some

TitleSocial Security Reform: Raising Retirement Ages Improves Program Solvency but May Cause Hardship for Some
Publication TypeReport
Year of Publication1998
AuthorsUnited States General Accounting Office,
InstitutionU.S. General Accounting Office
KeywordsEmployment and Labor Force, Public Policy, Retirement Planning and Satisfaction
Abstract

Question: Evaluate the proposals before Congress to reform and improve the solvency of the Social Security system. Finding: Using the NIA-funded Health and Retirement Study, GAO found that raising the Social Security retirement ages could improve long-term solvency for the program by increasing revenues and reducing benefits, but it is unclear whether employers will be willing to retain or hire older workers. Older blue-collar workers may be adversely affected because they are at risk for certain health problems that limit their ability to continue working.

Endnote Keywords

public Policy/social Security solvency/retirement age/Older Workers

Endnote ID

62546

Citation Key5378