Early Social Security cuts cloud retiring plans
After 30 years of payroll taxes Bers Weathers faces a $136 a month shortfall under Reagan’s plan to cut Social Security by 53 billion over five years. The 61 year old planned to retire in March but would receive 264 a month if the changes pass. Others fear disrupted retirement plans and longer work lives as millions face reduced early retirement benefits and lasting impact on confidence in government.
MENTIONED IN THIS ARTICLE
Christopher Connell Washington
Bers Weathers
England
Jim Hacking
American Association of Retired Persons
House
Thomas P. O'Neill Jr
Madison, Corin
Beryl Weathers
Washington
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