On Fri, 24 Dec 2010 06:25:03 -0800 (PST), Shall not be infringed
wrote:

On Dec 23, 10:37*pm, "Chomp Noamsky" wrote:

In both these cases the fictions that citizens are willing to bear higher
than market costs indefinitely for alternative power or to pay for lifetime
pensions for people retiring in their 50's is going to founder, and these
consequences will ripple through the entire financial and governmental
sector.

Pension payouts are the same regardless of retirement age because
those who retire early get less per month. Actuaries calculate things
so the expected (average) payout depends neither on retirement age nor
longevity of individuals.

Most who retire in their 50's are not entirely or even mostly
dependent on pension or social security.