Actuary testifies on Social Security retirement age

July 8, 2011
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The Academy's Public Interest Committee Chairperson Tom Terry testified today to the U.S. House Committee on Ways and Means Subcommittee on Social Security. Terry told the subcommittee that actuaries believe it necessary for policymakers to act promptly in considering options for putting Social Security on a path toward sustainable solvency. He said that when exploring the options and considering continued life expectancy improvements at age 65, increasing Social Security's retirement age stands out as one of the most obvious choices.