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U.S. CEO's push plan to raise full retirement age to 70

U.S. CEO's push plan to raise full retirement age to 70

SAUL LOEB | AFP
January 16, 2013 | 5:42PM

WASHINGTON An influential group of business CEOs is pushing a plan to gradually increase the full retirement age to 70 for both Social Security and Medicare and to partially privatize the health insurance program for older Americans.

The Business Roundtable's plan would protect those 55 and older from cuts but younger workers would face significant changes. The plan unveiled Wednesday would result in smaller annual benefit increases for all Social Security recipients. Initial benefits for wealthy retirees would also be smaller.

Read more: http://www.cbsnews.com/8301-505146_162-57564374/u.s-ceos-pus...

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and Illinois State employees need to...

...forsake the idea that they'll ever see the pensions they were promised by a government that doesn't have anything to give unless the STEAL it from somebody else first!

If ever a plan comes together, whereby Washington bails out this state's grossly neglected, stolen, underfunded pension liabilities; will there be jubilation, or outrage?

What next?

Raising it to 80 so that almost nobody who paid into it gets it?

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