Why on earth aren't we doing the same - at the very least?
To draw full retirement benefits, the following Social Security Administration age rules apply:
Born in 1937 or earlier – Full retirement can be drawn at age 65
Born in 1938 – Full retirement can be drawn at age 65 years and 2 months
Born in 1939 -- Full retirement can be drawn at age 65 years and 4 months
Born in 1940 -- Full retirement can be drawn at age 65 years and 6 months
Born in 1941 -- Full retirement can be drawn at age 65 years and 8 months
Born in 1942 -- Full retirement can be drawn at age 65 years and 10 months
Born in 1943-1954 -- Full retirement can be drawn at age 66
Born in 1955 – Full retirement can be drawn at age 66 and 2 months
Born in 1956 -- Full retirement can be drawn at age 66 and 4 months
Born in 1957 -- Full retirement can be drawn at age 66 and 6 months
Born in 1958 -- Full retirement can be drawn at age 66 and 8 months
Born in 1959 -- Full retirement can be drawn at age 66 and 10 months
Born in 1960 or later -- Full retirement can be drawn at age 67
Remember that while you can begin drawing Social Security retirement benefits at age 62, your benefits will be 25 percent less than what they will be if you wait until your full retirement age as shown above..... On the other hand, if you wait to retire beyond your full retirement age, your Social Security benefit will automatically increase by a percentage based on your year of birth. For example, if you were born in 1943 or later, Social Security will add 8 percent per year to your benefit for each year that you delay signing up for Social Security beyond your full retirement age.
6 comments:
Why on earth aren't we doing the same - at the very least?
Because we still couldn't afford it Lindsay. Read the treasury BIM - they are quite clear almost any form of National Super is simply unsustainable for NZ.
To break even, NZ would have to stop all super for anyone born after about 1960. To begin pay back debt, NZ should just stop all super payments (along with the DPB, dole, etc)
It cant be done here because its far too simple for our lot to get their heads around.
far too simple for our lot to get their heads around.
Just so we understand each other, Lindsay is arguing very strongly in favour of Labour's biggest policy at the last election
so not too stupid for Phil then?
Just think, if Lindsay had encouraged 10,000 ex-ACT voters for vote for Labour, this would have been law by now.
Agreed completly
Ok Anonymous
Im coming to live at your place when i retire.You are obviously well off and could look after me as well.
Just which part of NZ should just stop all super payments (along with the DPB, dole, etc) don't you understand.
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