Plan to tax social security draws opposition quickly

A presidential commission Thursday recommended enrolling all American workers in a universal employer-financed pension system to supplement social security and raising th age for receiving normal social-security benefits from 65 to 68. The President's Commission on Pension Policy also recommended making social-security income taxable.

Opposition surfaced quickly to the commission's final report to a House Aging Committee hearing -- both to the new age standard and the taxing proposal. The commission proposed immediate vesting of benefits -- a guarantee that a worker will receive some ret irement income -- that would be carried from job to job.

You've read  of  free articles. Subscribe to continue.
QR Code to Plan to tax social security draws opposition quickly
Read this article in
https://www.csmonitor.com/1981/0227/022718.html
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe