I am philosophically opposed to raising the retirement age. I misspoke and said I was not philosophically opposed.
The debate over Social Security should not be about how much we can cut from the program in order to balance the federal budget. The debate over Social Security should not be about raising the retirement age or limiting benefits. The debate over Social Security should be about retirement security.
Whether you are just entering the workforce or nearing retirement age, planning for the future is critical.
The great thing about show business is that there's no mandatory retirement age.
Well, we certainly need to raise the retirement age. I've told my 19-year-old and my 22-year-old that they're not going to be getting retirement benefits at age 62.
The full retirement age is 67 and the lifespan is 80, so when they first conceived Social Security, they didn't think they were going to be paying benefits for 13-15 years. That's one of the reasons why this pyramid scheme isn't working.
Germany, I think, was first to substitute a Social Security program for its elderly based on this premise, that is, that we would tax workers to pay retirement benefits for those retired.
The President and I agree that Social Security needs to be preserved so that we can ensure that all Americans receive the retirement benefits they've been promised. But we disagree as to how best to fix the system.
Well, today people have to be self-reliant if they want a secure retirement income.
But while the state pension is a critical foundation for peopleβs financial security as they age, it must be supplemented with other forms of retirement income.
Because Social Security is specifically designed to boost the retirement income of low earners with a progressive benefit formula, the program has played an enormous and necessary role in keeping Latinas out of poverty.
There's a lot we can do to improve American's retirement security, but it's wrong to replace the guaranteed benefit that Americans have earned with a guaranteed benefit cut of forty percent or more.
The promise of Social Security was reflected in President Franklin Delano Roosevelt's inter-generational compact that rewards hard work and provides retirement security.
Retirement security is often compared to a three-legged stool supported by Social Security, employer-provided pension funds, and private savings.
Social Security is the very foundation of retirement security for millions of Americans.
I favor every worker having access to a retirement savings account, and there are various options for doing this. I do support states implementing their own plans, and I expect them to play an important role in increasing retirement savings for young professionals especially.
401k savings accounts have become so important in the landscape of retirement planning that their security and expansion became a top priority in formulating and implementing the Pension Protection Act of 2006 that was enacted during my tenure as the U.S. Secretary of Labor.
We owe our public servants, from school teachers to state employees, a sustainable and well-funded retirement that they can count on.
Sean Penn has announced his retirement from acting about 72 times.
A secure retirement is one of the pillars of middle class life. For all too many Americans, however, that pillar needs more support.