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American Academy of Actuaries Comment Letter to House Ways and Means Subcommittee on Social Security, on Increasing Social Security Retirement Age (PDF)
Donald E. Fuerst, Senior Pension Fellow, American Academy of Actuaries [Opinion] Aug. 1, 2013 "A change to the benefit formula can provide the same amount of benefit as results from increasing the full retirement age, but it sends a far different message to the American worker.... Increasing the early eligibility age has the beneficial result of encouraging most individuals to work longer.... Changing the reduction factors so that they are not actuarially neutral would increase the cost of Social Security and undermine the beneficial aspects of increasing the full retirement age[.]" |
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