As protests sweep France, the U.S. may soon face its own reckoning on Social Security. Here are steps experts say U.S. officials can take in an effort to avoid the same fate.
have taken to the streets in recent months in opposition to the pension reform, with protests at times shutting down schools, public transit and iconic cultural attractions like the Eiffel Tower and the Louvre. Mounds of garbage piled up on the sidewalks and were set ablaze. Violent clashes have beenFrédéric Souillot, the secretary general of the Force Ouvrière trade union, warned Wednesday they were "more determined than ever" ahead of the new wave of protests.
The trust fund that pays retirees is estimated to run dry by 2033, a year earlier than previously predicted, according to a report released last week from its board of trustees. If no solution is reached by then, the program would only be able to pay out 77% of scheduled benefits. French President Emmanuel Macron argued the new law -- which raises the minimum retirement age from 62 to 64 -- was necessary for the survival of the country's pension system. He pushed the deeply unpopular measure forward by shunning Parliament and invoking a special constitutional power.
Some Republicans have floated raising the full retirement age to 70 and making benefit changes to high-earning Americans to bring the system into balance. Democrats have generally proposed expanding benefits and raising taxes on the wealthy.Rich Fiesta, the executive director of the Alliance for Retired Americans, said he would "urge caution" to lawmakers who want to raise the full retirement age in the U.S. beyond 67.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
California child welfare agencies under fire for pocketing foster kids’ Social Security survivor benefitsA California grandmother fights to retrieve $30,000 taken by San Diego County from her grandchildren’s survivor benefits. Counties take millions of dollars in federal benefits from foster children,…
Les mer »
PolitiFact - Video doesn’t show the Homeland Security secretary crying, despite social media claimsIn April 2022, Homeland Security Secretary Alejandro Mayorkas appeared before the U.S. House Judiciary Committee for an
Les mer »
California child welfare agencies under fire for pocketing foster kids’ Social Security moneyA California grandmother fights to retrieve $30,000 taken by San Diego County from her grandchildren’s survivor benefits. Counties take millions of dollars in federal benefits from foster children, says a lawmaker trying to stop it.
Les mer »
Social Security update: Direct payment worth up to $4,555 goes out to millions in one weekThere is one week until retirees receive the first of three Social Security retirement payments to be sent in April, worth up to $4,555.
Les mer »
PolitiFact - Video doesn’t show the Homeland Security secretary crying, despite social media claimsIn April 2022, Homeland Security Secretary Alejandro Mayorkas appeared before the U.S. House Judiciary Committee for an
Les mer »
Inflation tops Americans’ concerns, but drug use and Social Security worries surging: GallupInflation remains the top issue of concern for Americans, but the public is getting increasingly worried about other topics in the news cycle, notably the fentanyl-fueled drug crisis and the solvency of Social Security.
Les mer »