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:4/26/2017)... (PRWEB) , ... April 26, 2017 , ... ... specifically to improve the profitability of ready-to-drink, high-protein beverages by helping beverage manufacturers ... alternative to dairy proteins, providing direct cost savings as well as more stable ...
(Date:4/25/2017)... , ... April 25, 2017 , ... ... and collaboration, announces Mirroring360 Pro . This new addition to the Mirroring360 ... experience for education and business. , Mirroring360 Pro enables educators, business professionals and ...
(Date:4/25/2017)... (PRWEB) , ... April 25, 2017 , ... ... CEOs, CFOs and HR decision-makers are preparing for how his administration could impact ... will provide insight into what changes are most likely to make it through ...
(Date:4/25/2017)... , ... April 25, 2017 , ... ... a modern procedure that achieves results in a fraction of the time as ... Vegas, NV, with Significance Dental Specialists, now offers this revolutionary treatment with or ...
(Date:4/25/2017)... MN (PRWEB) , ... April 25, 2017 , ... Buyers ... and recreational users to dispensaries and head shops –can’t help but be heartened by ... for the tell-tale cannabis odor aptly described as “skunk smell.” At last they ...
Breaking Medicine News(10 mins):
(Date:4/19/2017)... April 19, 2017  SARES•REGIS Group leased the ... developing at Conejo Spectrum Business Park in ... Atara Biotherapeutics, Inc. , a biopharmaceutical company developing ... diseases that have been underserved by scientific innovation, ... for cancer, autoimmune and infectious disease. ...
(Date:4/18/2017)... , April 18, 2017 Cogentix Medical, ... on providing the Urology, Uro/Gyn and Gynecology markets with ... the first quarter ended March 31, 2017 after the ... The Company will host a conference call and ... on Tuesday, May 2, 2017 at 4:30 p.m. Eastern ...
(Date:4/18/2017)... 18, 2017 Research and Markets has announced ... report to their offering. ... global arthroscopy devices market to grow at a CAGR of 6.35% ... Devices Market 2017-2021, has been prepared based on an in-depth market ... landscape and its growth prospects over the coming years. The report ...
Breaking Medicine Technology: