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Author: 3muttsmom Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76593  
Subject: Re: Enron and Social Security Date: 1/29/2005 3:44 PM
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raising the age where a retiree becomes benefits elligible

I see this as an option all the time, listed with the other two.

But, realistically, how would this work for those who actually depend on SS to fund a portion or all of their retirement?

Where I work, it seems VERY RARE for anyone to make it past 55 before being cut in the annual downsizing (or, as one manager so aptly put it, the Thanksgiving Day Massacre :)).

If the business community is not on board to retain the older workers, what happens to "retirees" who cannot find work during the 10+ years waiting on their SS benefits to kick in?

MHO is to re-index the increases to the CPI, even though many know that what the "average" consumer spends $$ on rarely imitates what retirees spend their $$ on.

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