Retiree Quotes

Back in 1935, there were 42 workers for every retiree. Today, in regards to Social Security, we only have 3 workers for every retiree.

According to the Social Security Administration, in 1945, 41.9 workers supported each individual retiree, while today only 3.3 workers support each retiree. This system cannot continue.

Most people understand that in 1937 when Social Security started there was 60 workers for every one retiree, and today it is three to one.

Currently, for every three workers contributing to Social Security there is one retiree receiving benefits paid for by those workers.

The board instructed us to contact the various interested parties comprised of the labor organizations, county retiree organizations and others and solicit from them ideas as to what can be done to ensure the viability of these ancillary benefits.

Those with retiree health benefits should ask their former employer or union for advice.

These savings are a clear positive, but retiree liability cuts are likely to see some almost immediate offsets, from ongoing health care inflation, possible Delphi liability assumption and falling long-term rates.