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Academic
: The Yin BlogIf an American corporation handled its pension plan like Social Security . . . .
By Tung Yin
I got my annual "Your Social Security Statement" in the mail today. This is the letter that estimates my benefits if I were to start collecting at age 62, age 67, and age 70. It also comes with a caveat:
Your estimated benefits are based on current law. Congress has made changes to the law in the past and can do so at any time. The law governing benefits may change because, by 2041, the payroll taxes will be enough to pay only about 78 percent of scheduled benefits.
Full post as published by The Yin Blog on August 17, 2009 (boomark / email).
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