There was an interesting article in last week's paper. CEOs are proposing raising the Social Security retirement age for maximum benefits.
This was intended to make Social Security self-sufficient. This was coming from CEOs who are receiving maximum pay, in most cases not paying into Social Security themselves. The CEOs have received maximum company stocks and have no regard for the working class -- only their own benefits and the company's bottom line. It's very similar to the congressmen who robbed Social Security funds in the past.
Here is a solution that will help. Each company of an employee who pays into Social Security should pay -- at no cost to the employee -- 1 percent of the salary into Social Security in the employee's name. Employees now pay about 8.25 percent into the plan. This idea would cost the company $500 for an employee making $50,000 per year. Employees are constantly asked to make sacrifices. It is time that upper-level management and corporations make some sacrifices also.
- Bill Krueger, DeMotte