Are Potential Social Security Eligibility Changes Realistic?
Are Potential Social Security Eligibility Changes Realistic? Saturday November 20, 2010 #spacer{clear:left}#abc #sidebar{margin-top:1.5em}zSB(3,3) For many years eligibility modifications have been discussed for Social Security as a means to lengthen its solvency. In 2009, the Congressional Budget Office (CBO) projected that Social Security funds would be exhausted in 2043, if eligibility rules remained unchanged. As baby boomers age and enter retirement, the CBO projects the number of Social Security beneficiaries will rise considerably. There is growing discussion currently on one possible solution, that of extending the retirement age, and thus the age that beneficiaries first become eligible for Social Security benefits. One option is to increase the current retirement age from 66 for full benefits to 69. For those of us who are younger than baby boomers, is graduated somehwere in between 66 and 67. The increase to age 69 has been proposed by the Deficit Reduction Committee appoint
