The retirement age defined by statute is for public assistance (originally billed as for extreme old age, not as an age everyone would reach in the absence of catastrophe).
To keep parity with the original 'social security' systems, the retirement age should be raised to 80, not 70, and an emphasis on private savings and employer plans should return to take the place of the tax (theft)-funded systems.
By making it 65, the retirement age becomes the same as men's.
The retirement age defined by statute is for public assistance (originally billed as for extreme old age, not as an age everyone would reach in the absence of catastrophe).
To keep parity with the original 'social security' systems, the retirement age should be raised to 80, not 70, and an emphasis on private savings and employer plans should return to take the place of the tax (theft)-funded systems.