Navigation Links
Aging authorities differ on tweaks to Social Security's benefit structure
Date:8/29/2011

Experts agree that financial constraints and an aging population will require America to modify its Social Security system, but some also find that pushing back the eligibility age could be a major concern for those who rely on the program the most. The consequences both positive and negative of making the country's seniors wait to start claiming benefits are presented in the latest installment of the Public Policy & Report (PPAR) from the National Academy on an Aging Society, the policy institute of The Gerontological Society of America (GSA).

The articles in the new PPAR, titled "To Raise or not To Raise: The Social Security Retirement Age," reflect the interdisciplinary strengths of GSA's membership; the authors offer the perspectives of biologists, social scientists, women, and other minorities.

"Older workers say they want and expect to work in retirement, and the proportion remaining in the labor force at older ages has been growing," said GSA Public Policy Chair Sara Rix, PhD. "Workers are not, however, necessarily enthusiastic about being required to wait longer to receive their full Social Security benefits, a fact that policymakers will want to keep in mind as they grapple with the pros and cons of raising the retirement age."

The earliest age at which an individual can claim Social Security benefits is now 62. Those born after 1960 can receive full benefits at age 67. Since the program began in 1935, the average life expectancy in the U.S. has increased by almost 16 years, with life expectancy at age 65 increasing by nearly five years. Similarly, the PPAR points out that the share of seniors reporting themselves in poor health has also dropped over the past several decades. One article in the issue demonstrates that delaying retirement can have physical and financial benefits, pointing to studies that show that working longer can reduce morbidity and improve health. When people work longer, they generate additional payroll and income tax revenue and reduce the Social Security deficit.

"Fostering longer work lives can be a win-win situation for workers, employers, and the economy," Rix said. "However, raising the age of eligibility for Social Security would be a benefit cut with a disproportionate impact on some of society's most vulnerable older workers.

The PPAR finds that increasing the normal retirement age could be detrimental to a number of women, minorities, and low-income workers, especially if their occupations become too physically demanding in old age. In addition, the system may prove unfair to African Americans who typically have shorter lifespans than Hispanics and non-Hispanic whites, and who thus would pay years into a system from which they might not benefit for as long.


'/>"/>

Contact: Todd Kluss
tkluss@geron.org
202-587-2839
The Gerontological Society of America
Source:Eurekalert

Related medicine news :

1. Neuroimaging study may pave way for effective Alzheimers treatments
2. SNMs Conjoint Mid-Winter Meetings continue to advance molecular imaging
3. Medical Imaging Northwest Completes Phase I of Its Healthcare IT Integration to Maintain Patient Care Improvements
4. Less is more in cancer imaging
5. Imaging manufacturers: Plan to reduce unnecessary radiation exposure and medical errors
6. National Council on Aging Releases Survey on Medical Imaging Safety
7. Statement from Larry Minnix, President & CEO, American Association of Homes and Services for the Aging, on President Obamas Health Care Reform Proposal
8. Sytropin HGH Shows Promising Anti-Aging Results
9. Artists, Product Designers, Printing Gurus, Game Developers, Manufacturing Engineers Will Converge at RAPID 2010/3D IMAGING Conference/Expo, May 18-20 in LA
10. WellNet Supports HPM Institute Director in Calling for More Active Enterprise Involvement in Managing Healthcare Quality and Costs
11. Proton beam therapy shows encouraging long-term outcome for patients with locally advanced sinonasal cancers
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/27/2016)... California (PRWEB) , ... June 27, 2016 , ... "FCPX ... fully customizable inside of Final Cut Pro X," said Christina Austin - CEO of ... unique style. Final Cut Pro X users can now reveal the media ...
(Date:6/26/2016)... ... 2016 , ... Quality metrics are proliferating in cancer care, and are derived ... eye of the beholder, according to experts who offered insights and commentary in the ... Care. For the full issue, click here . , For the American Society ...
(Date:6/26/2016)... ... June 26, 2016 , ... ... have been diagnosed with endometriosis. These women need a treatment plan to not ... comprehensive approach that can help for preservation of fertility and ultimately achieving a ...
(Date:6/25/2016)... ... June 25, 2016 , ... First Choice Emergency ... named Dr. Sesan Ogunleye, as the Medical Director of its new Mesquite-Samuell Farm facility. ... Director of our new Mesquite location,” said Dr. James M. Muzzarelli, Executive Medical Director ...
(Date:6/24/2016)... Los Angeles, CA (PRWEB) , ... June 24, 2016 , ... ... plastic surgery procedures that most people are unfamiliar with. The article goes on to ... known procedures, but also many of these less common operations such as calf and ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... , June 23, 2016 Any dentist who ... challenges of the current process. Many of them do not ... the technical difficulties and high laboratory costs involved. And those ... offer it at such a high cost that the majority ... Dr. Parsa Zadeh , founder of Dental ...
(Date:6/23/2016)... , June 23, 2016 Roche (SIX: RO, ... clearance for its Elecsys BRAHMS PCT (procalcitonin) assay as ... or septic shock. With this clearance, Roche is the ... fully integrated solution for sepsis risk assessment and management. ... bacterial infection and PCT levels in blood can aid ...
(Date:6/23/2016)... -- Research and Markets has announced the addition ... to their offering. The ... commercial environment for MedImmune to enter. The US ageing population ... to drive considerable growth for effective anti-influenza medications. The introduction ... considerably, but development is still in its infancy. ...
Breaking Medicine Technology: