🚀 go-pugleaf

In article <C04vJI.AB9.1@cs.cmu.edu> KitchenRN@ssd0.laafb.af.mil writes:
>>
>>Take what ever you are paying (~7%-9%, I forget exactly what) and add in
>>an equal amount from your employer.  Now kiss it goodbye, because anyone
>>under 50 ain't gonna see it come back :-(


6.2% up to $55,500 in 1992 for Soc.Sec. and 1.45% up to $130,200 for
Medicare from the employee and also from the employer.

>And now we hear that the Clinton administration is proposing to push back the 
>retirement age so that they won't have to pay out so much Social Security.  
>If the trend continues, by the time I "retire", the retirement age will be 
>90!

90 may be somewhat pessimistic, but it *should* be raised.  In
1935 when age 65 was chosen most retirees lived less than 3 years
more, so Social Security didn't have to pay out very much.  Now
very many people live 20 years more and the system has some problems 
with that.  For present retirees this system is a nice Ponzi scheme.  
But it obviously can't continue this way.  (This thread doesn't belong 
here, but I couldn't resist responding).

Forrest Gehrke feg@dodger.att.com