Reply to Feds: are you counting on FERS for retirement?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Definitely counting on it. Not counting on Social Security. [/quote]

Same.[/quote]

... if fortunate to live that long and he healthy.

[b]I think that Social Security will be means-tested. I think SS will likely be means-tested. [/b]

I personally believe that the changes that need to be made to the federal budget should be made ASAP, versus getting to more of a crisis and have to make steeper changes.

We should do best for children and the next generations.

I think SS will likely be means-tested. And, across the country (not this board, not DMV) retirement savings and defined-benefit pensions are very low overall.[/quote]

This is common fear mongering and not going to happen.  It’s more (although still highly improbable) likely that the entire system collapses altogether.

A large segment of the US population having a promised retirement entitlement that they had paid into for decades stripped simply because they had been responsible enough to set aside additional savings would likely lead to a second revolution/civil war especially in the current political climate.[/quote]

Probably not even a large enough segment of the population to make a dent in the funding shortfall.  Much more likely the contribution cap increases with a small increase in benefits paid out.[/quote]

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