Quote:
Originally Posted by filtherton
Are you retiring more than 25 years from now, Hektore?
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No, I won't be eligible for retirement for more than 40 years.
Here is a copy of part of the letter I received:
The relevant portion:
Quote:
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Originally Posted by SSA
Unless action is taken soon to strengthen Social Security, in just 10 years we will begin paying more in benefits than we collect in taxes. Without changes, by 2040 the Social Security Trust Fund will be exhausted. By then the number of Americans 65 or older is expected to have doubled. There won't be enough younger people working to pay all of the benefits owed to those who are retiring. At that point there will be enough money to pay only about 74 cents for each dollar of scheduled benefits.
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I suppose I should apologize for my misremembering. It's actually worse than I thought.