Tag: actuarial adjustment
An informal survey of staff at the Center for Retirement Research asking “What is the current retirement age for Social Security?” produced a range of responses. About half — mostly the “old hands” — said 67. The other half — generally younger and newer staff members — gave answers including 62, 65, 66 and 68. In my…
Each year, the Social Security actuaries issue a report on the internal real rate of return that individuals and married couples would have to earn on their payroll tax contributions in order to cover their promised disability and retirement benefits. These numbers, which are based on hypothetical earners, show how returns vary by earnings levels, over time,…
