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Bipartisan Group Mulls Lifting Retirement Age

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“A bipartisan group led by Sens. Angus King (I-ME) and Bill Cassidy (R-LA) is considering gradually raising the retirement age to about 70 as part of their legislation to overhaul Social Security,” Semafor reports.

“Other options on the table include changing the existing formula that calculates monthly benefits from one based on a worker’s average earnings over 35 years to a different formula that’s based instead on the number of years spent working and paying into Social Security.”

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goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

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