this post was submitted on 28 Jul 2023
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Politics
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I think that would just result in an even bigger push by right-wing politicians to move the retirement age even higher.
Better would be to tie it to the average life expectancy, updated with each census.
Why should we be punished if life expectancy goes up? Nobody should have to work until they're too old to fully enjoy life.
That's literally the opposite of what I said
That's how I interpreted it too. Just because we're living longer doesn't mean our capacity for work is stretching further. My knees are already going out and I'm not near retirement age. I don't want to be stuck working longer, hating every moment of it, knowing that all this means is now I won't actually get to enjoy retirement
To play devil's advocate, when Social Security was established (bringing with it the concept of a "retirement age"), the age of eligibility was deliberately set such that less than half of Americans would live long enough to draw on it. The clear expectation was that you would work until you couldn't anymore.
That said, in an era when changes in life expectancy are starting to take on a K-shaped distribution and labor force participation has been on a long steady decline, tying governmental income support to age and employment duration is becoming distributionally regressive. I'd much rather have some sort of UBI system that everyone can benefit from.
Average life expectency goes up over time due to advancements in healthcare. Tying the retirement age to the average life expectency is effectively raising the retirement age.
It's actually going down in the US. And again, I said tie the office age limits to life expectancy, not retirement age.
Can you please explain the difference between office age limits and retirement age?
Oh sure! So "retirement age" means the age at which the general population is eligible for certain benefits like tax-deferred account withdraw without penalty, social security benefits, Medicare, etc. Politicians generally go WAY past this age, well beyond cognitive decline, because they do not want to lose power.
Office age limits are (and should continue to be) unrelated to retirement age; otherwise it creates an incentive for politicians to RAISE the retirement age even further so that they can stay in office. Republicans already try often to increase the retirement age so that people will be stuck working until they die.
Oh, that kind of office.
I'm not a fan of this. Moving the retirement age to life expectancy would mean that you only get to retire if you live beyond your expiration date.
I think they mean "average life expectancy minus n years" where n is fixed at 15, or whatever. But I disagree with this too. If you work 40 years, you deserve to retire in comfort. If a billionaire needs to have one fewer boats to help cover the cost boohoo to them and their other 5 boats.
I think Kerrigor meant that requiring politicians retire at the age of retirement would cause a push for retirement age to get bumped higher, and that it would be better for the maximum age for a politician to be tied to the average life expectancy (e.g. no more than 10 years younger than the average life expectancy, or some such).
Yep precisely! Sorry, I phrased it poorly. But this is exactly what I meant. If politicians are required to resign at retirement age, it creates a perverse incentive for them to RAISE the retirement age - which would be bad.
If it is tied to life expectancy minus ten years, then it is based on data that adjusts automatically, and it's less about age itself, more about average life expectancy remaining.
All this talk about "life expectancy" tied to retirement. Am I the only one around here that's blue collar tradesman that's gonna die in there 60's? How is 67 a reasonable retirement age?
This would also incentivise politicians to try and increase average life expectancy, which is probably most easily accomplished with universal healthcare. So that would be a win as well
But just because you are alive doesn't mean you are useful as a worker or shouldn't retire. If we tied retirement with us life expectancy minus 10 years then retirement would be 67. But in the future if people live until 90, 80 is not a good retirement age. They wouldn't be able to carry out a lot of the tasks required.
Make them use the same type of insurance coverage and healthcare most Americans get and the problem will sort itself out.
You’re probably right. And it’s not like any of them will ever vote for term limits. Our political system is a joke.
If we were serious about having an actual impact on climate change, we should be talking about how long it is actually fair or reasonable for any human being to live.
Are you suggesting we withhold medical treatment from people past a certain age?