"Marco Rubio calls for retirement changes" AP May 14, 2014
WASHINGTON — Younger workers would face higher retirement ages and wealthier Americans would see their Social Security paychecks trail their less affluent neighbors’ under a plan proposed Tuesday by Senator Marco Rubio.
Rubio, a first-term Republican from Florida who is outlining a policy agenda as he weighs a presidential bid, also proposed allowing all Americans to join federal retirement accounts. He vowed to protect benefits for older Americans but he added that changes were needed if the system is to survive.
‘‘The Social Security trust fund is drying up,’’ Rubio said.
He said the safety net for retirees will run into debt in 2033 if changes are not made. ‘‘This is not a scare tactic. . . . It is a mathematical certainty if things remain unchanged.’’
Democrats said the Rubio proposal is similar to one that Republican Mitt Romney proposed when he unsuccessfully ran for president in 2012.
Rubio did not specify a new retirement age.
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