Title | Social Security Reform: Raising Retirement Ages Improves Program Solvency but May Cause Hardship for Some |
Publication Type | Report |
Year of Publication | 1998 |
Authors | United States General Accounting Office, |
Institution | U.S. General Accounting Office |
Keywords | Employment 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 Key | 5378 |