Smoke And Mirrors To Camouflage Lower Future Benefits
How The Government Will Probably Use Smoke & Mirrors
- Increase the retirement age. If this is done in a
straightforward way, this would an honest and logical action. If the politicians increase
the retirement age, and don't try to hide their actions in some way, we would not consider
this as using smoke and mirrors.
- Change the percentages or "bend points" that are used to calculate the Primary Insurance Amount (PIA). It is not easy to explain how the
PIA is arrived at, but it could have a major impact on what your Social Security benefits
will be. Changing the PIA formula could easily camouflage a drop in future benefits.
- Once the PIA is determined there are other factors that
politicians can adjust to lower benefits.
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