Senator Wants Higher Retirement Age: ; Neb. Republican's Social Security Plan Would Boost Deficit, Democrats Say

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WASHINGTON - A leading Republican senator is proposing to raise the Social Security retirement age from 67 to 68, while Democrats maintain their opposition to the president's plan to overhaul the retirement program with private investment accounts.

Nebraska Sen. Chuck Hagel's plan would raise the age that retirees could receive full benefits, beginning in 2023. "We are living longer," Hagel said Sunday on CBS' "Face the Nation." "So when you look at the total universe of this, I think that makes some sense to extend the age."

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Senator Wants Higher Retirement Age: ; Neb. Republican's Social Security Plan Would Boost Deficit, Democrats Say

But some leading Democrats said they could not support Hagel's plan because he would pay for private accounts by borrowing and increasing the nation's ...

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