Wednesday, Dec. 12, 2012 | 2:01 a.m.
Recently we have heard from members of Congress about the need for entitlement reforms to reduce federal budget expenditures. Some proposals include increasing the full retirement age for Social Security to 70 and increasing the Medicare eligibility age to 67.
I have not heard one proposal regarding the Congressional pension plan. I recommend that the age for a full pension be increased from 62 to 70 for all members with a minimum of five years of service. Currently members of Congress with at least 20 years of service can retire with a full pension at age 50. My proposal would increase the age to 70.
Secondly, I would increase the age for a reduced pension from age 56 to age 65.
If Congress is serious about entitlement reforms, let it lead the way.