Republican budget proposal calls for raising the retirement age [Video]

The Republican Study Committee, the largest group of conservatives in the House, are proposing raising the retirement age and a restructuring of Medicare as part of a new budget proposal.

Under the RSC plan for social security, it would make “modest changes” to the retirement age for future retirees to account for increases in life expectancy while calling for lower benefits for the highest-earning beneficiaries.

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According to the budget proposal, the RSC argues that “with insolvency approaching in the 10-year budget window, Congress has a moral and practical obligation to address the problems with Social Security.”

“These common-sense, incremental reforms will simply buy Congress time to come together and negotiate policies that can secure Social Security solvency for decades to come.”

The RSC added in their proposal that the group’s budget would not cut or delay retirement …