Law & Health Weekly
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Law & Health Weekly
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
American Academy of Actuaries
Actuaries to Policymakers: Fix Social Security, Start by Increasing Retirement Age
August 23rd, 2008
The American Academy of Actuaries is calling on public policymakers to immediately address Social Security's long-term financial issues by increasing the retirement age to reflect increased longevity. "The program is facing a demographic problem that demands a demographic solution," said Tom Terry, the Academy's vice president for pension issues. "Long after all the baby boomers have departed, Social Security's income will cover only about three-fourths of its costs." In a statement released earlier today on behalf of the U.S. actuarial profession, the actuaries said this permanent imbalance is partially attributable to increased longevity. The...
Source: Law & Health Weekly (2008-08-23)
|
