Where the Democratic Candidates Stand on Social Security

Article Excerpt: "...Elizabeth Warren: Sanders’ main rival on the left also supports the expansion of Social Security. Her plan calls for a $200 monthly increase for all beneficiaries, with the roughly $150 billion cost in the first year to be paid for by higher taxes on the rich. The taxes include a 14.8% payroll tax on incomes over $250,000 and a 14.8% tax on investment income for the top 2% of earners. The taxes would reduce the deficit by $1 trillion over 10 years and extend the life of the Social Security trust fund ..."

Resource: yahoo.com

Elizabeth Warren Social Security Upgrade,

Federal retirements dropped in 2019, as employees cite wide variety of motivations to stay or go

Article Excerpt: "...Many survey respondents said they planned to retire at age 62, because the Federal Employee Retirement System (FERS) incentivizes participants to keep working until that specific age...For the purposes of calculating their annuities, 62-year-old employees receive 1.1% of their average highest three years of salary for each year of service, instead of 1%..."

Resource: federalnewsnetwork.com