#4-Raise the Retirement Age
 
 
- The current retirement age is set for 65, with reduced benefits at 62 and unrestricted benefits at 70
- Benefits
- 
- 1999:  5/9 of 1% for each month prior to age 65.  The maximum reduction is 20%.
- 2022:  5/9 of 1% for each month prior to age 67 (up to 36 months prior).  Then, 5% for each of the previous 2 years.
 
- This is the only “acceptable” way to reduce benefits--public will not support a reduction of monthly benefit sums