By providing government incentives for workers to retire at the age of 60 instead of 65, Kucinich believes all the newly open positions would create a surge of fresh employment.
"Nearly 70 percent of workers elect to take early retirement under current rules, which allow eligible individuals to begin receiving a reduced Social Security benefit starting at age 62," a media advisory from the Congressman's office claimed. "The Kucinich Plan would reduce the eligibility age to 60 for the first million workers who want to take advantage of an earlier retirement date."
With some 4.2 million U.S. workers between ages 60-65, Kucinich believes at least 1 million will take advantage of early retirement, even though the Social Security payout would be at a reduced rate. Additionally, instead of Medicare, Kucinich proposes early retirees received health coverage through the COBRA program.
source: RAW STORY
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