retirees

Why the strange pretense that public sector pensions are equivalent to private sector retirees collecting Social Security?

That rate usually changes as employers age, so that early retirees replace significantly less of their salary through pensions.

This is across a diverse group of drivers from young college kids, new immigrants, and semi-retirees.

Furthermore, increasing the retirement age buys you time to reform the economy by temporarily slowing the number of new retirees.

When you start a pension shceme, the costs are very low at first while the number of retirees is low.

Miami has strong opposition inside the town's political factions (new Cubans, old Cubans, retirees, etc).

There will have to be a number of cut-backs in retirement benefits for future retirees, including means-testing, removing the maximum wage for Social Security contributions, and higher Medicare premiums.

None of the solutions will likely include keeping benefits for retirees where they currently exist.

> It also impacts youths and retirees, neither of whom are working as their primary means of support These are old canards.

Raising those rates would have very little impact for retirees as many are in the 15%-25% marginal tax brackets as it is.

And, hedge fund folks aside, long-term capital gains are also the taxes that apply to retirees drawing income from years of investments.

Germany has a huge generation of fit retirees and it has become a meme that they engage in citizens initiatives to fight power lines.

If you look at Detroit as an example, the politicians will blame the pensioners for being "entitled" to their pensions, declare bankruptcy, and their retirees will be forced to eat cat food.

Warp drive isn’t coming any time soon, if ever, he explained, but wealthy retirees today already live an essentially post-money existence, “traveling and exploring and deepening their understanding of the world and being generally happy.” They acknowledge that the technology won't be there, but a post-scarcity economy might.