By: Virginia Reno and Elisa Walker
Published: January, 2011
This fact sheet explains how the children and grandchildren of today's retirees would bear the brunt of the benefit cuts currently being proposed by some policymakers and commentators. It outlines how raising the retirement age means lowering benefits at any age they are claimed, which many people don't realize.
The fact sheet also compares retirement benefits under current law to benefits under the plan proposed by the co-chairs of President Obama's fiscal commission.