Reply to What Would You Be Willing to Do to Save SS?

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[quote=Anonymous][quote=Anonymous]I would support raising the cap and reducing benefits are the very top of the income scale. Maybe the top 5%. 
I also recognize the problem with raising the retirement age to 68, so can't support that even though I don't expect it to be a sacrifice for me (fingers crossed.) I do hope social scientists are doing more work to figure out a way to identify to differentiate the physical labor jobs from others. For example, if every job was deemed PL or not, and every quarter (or every time an employer submitted info on employees) the PL category were indicated, perhaps once someone had accrued so many quarters of PL, they would be eligible for full benefits at 65, or something like that. 
Good news is that what's needed to fix SS is actually much 'easier' than what's needed to keep Medicare solvent for the long term!
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Surgeons are on their feet so PL works?  If you lose your job or have mandatory retirement it is hard to find a job.  Retirement advice is to take it at 70 now but benefit advantages [increases from 62/66] could be legislated away.  Now if you live in a high cola and were earning more $ -ie retired teacher in major city gets max SS, 100% pension, pays extra for medicare.  However retired teacher in low cola area gets less than max, pays no extra for medicare, gets 100% pension.

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