Quote:
Originally Posted by The Yen Man
Well, for one, they're earning that money for 10 more years by working rather than it being paid out by the pension fund.
|
So you want these employees to work 10-15 more years earning taxpayer dollars, and use their pensions (same amount of money, if not more due to interest accumulation) for a shorter period of time? I guess I just see negatives in that scenario. Less employment for young people, more total cost to the taxpayer, and relying on workers to be physically and mentally able to deliver for a significant amount more time.
I get the retirement age at 65 because things have changed, I just don't see the benefit in drawing it out further just because. If the same person is going to earn the same amount of money (if not more) at 65 rather than 55, there is no obvious financial benefit.