Brought this comment to the top for comment from all concerned.
"_Your biggest fear in retirement should not be the amount of your SSN check_".
It should be fears about covering increased medical expenses. Medicare is a budgetary disaster and you *WILL* be paying much, much more for medical care after age 65.
Both LLNS and LANS will attempt to drop retirement medical coverage in the next few years, so you'll likely see no supplemental help from them to cover much higher Medicare expenses.
The Baby-Boom generation is in for a big shock after they retired. You have a good promise in terms of SS payouts but expect to see your wallet cleaned out by any medical expenses. There is no easy way for the US to get out this problem other than to make the old folks pay a much higher percentage for their health care.
The outcome of all this is that in about 15 years we will see two types of middle class retirees.
On one side will be those who stay healthy and, thus, have retained savings to live a decent life style. On the other side will be those who don't remain healthy and descend into near poverty because of huge medical expenses.
Given the gloomy outlook for Medicare funding, it's going to be extremely important that you stay healthy in your Golden Years.
The lab workforce should also scream loudly when either LLNS or LANS attempts to decrease or eliminate retiree medical coverage in the next few years.
If they succeed in eliminating this benefit it may put you on a very dangerous financial path after you retire from the lab.
"_Your biggest fear in retirement should not be the amount of your SSN check_".
It should be fears about covering increased medical expenses. Medicare is a budgetary disaster and you *WILL* be paying much, much more for medical care after age 65.
Both LLNS and LANS will attempt to drop retirement medical coverage in the next few years, so you'll likely see no supplemental help from them to cover much higher Medicare expenses.
The Baby-Boom generation is in for a big shock after they retired. You have a good promise in terms of SS payouts but expect to see your wallet cleaned out by any medical expenses. There is no easy way for the US to get out this problem other than to make the old folks pay a much higher percentage for their health care.
The outcome of all this is that in about 15 years we will see two types of middle class retirees.
On one side will be those who stay healthy and, thus, have retained savings to live a decent life style. On the other side will be those who don't remain healthy and descend into near poverty because of huge medical expenses.
Given the gloomy outlook for Medicare funding, it's going to be extremely important that you stay healthy in your Golden Years.
The lab workforce should also scream loudly when either LLNS or LANS attempts to decrease or eliminate retiree medical coverage in the next few years.
If they succeed in eliminating this benefit it may put you on a very dangerous financial path after you retire from the lab.
Comments
Trust Me The question should be why ?
And just who are you. The filter of all that's good. Probably some PAO goon. So what makes you so sure of your facts? Did you say it'll never happen? If so prove it.
One of the easiest ways to secure cost reductions will be to scale back retirement medical. NNSA will push the idea and LLNS will be their good little lap dogs and implement it.
Yeah, it's coming. Maybe not this next year, but it's coming.
And your proof that it will is . . . ?
(It's amazing that anyone who disagrees in anyway is a "goon." Doesn't matter if they might actually might be in a position to know something.)