As French Protest Increase In Retirement Age To…62
No Sh!t.
Of course City of Denver employees are better off than the French. Apparently they understand as they’re not rioting over increasing their retirement age from 55 to 60. Hey, the Denver Post calls that “Significant structural change”. I suppose it is, but while their at it, may I suggest 65 as an appropriate age?
Chris,
Actually, FDR — were he alive today — would probably suggest somewhere between 79 and 83 and as the appropriate retirement age.
You see, FDR signed Social Security into law in 1935. In 1930, the average life expectancy was 59.2. In 1940, the average life expectancy was 63.6.
In 2003, the average life expectancy was 77.5.
Click here for source data on life expectancy.
It seems unlikely that even the uber-Socialist FDR would support the current incredibly extreme level of entitlement expectations.