As of Mar 1, 2020, all those over 55 are retired. With full benefits as if those 10 extra years had actually transpired. Benefit/pension according to how you would have gotten it at 65; no clawbacks or reductions due to early retirement.
Perhaps encourage this retirement offer with a one-time bonus, large enough to make 80% just take it. It’s now, it’s certain, and it’s probably better than most would do in 10 years. Some numbers need back-of-the-enveloping. Any “but where does the money come from?” questions can point to the USA or Canada {{{ others?? }} as examples of money being found with incredible ease. {{ maybe something about UBI and/or MMT/UJG here ? }}
Offer same to 45 – 54 people; same rules as normal due to early retirement, but again, as if tho 10 years had gone by.
This relieves the pressure to “open the economy” quickly. Let’s start opening 2021/05/01, a year from when I write this. Gradual, sensible, highly monitored relaxations for many things. But we’ll not see large gatherings (no fans for sports, no concerts, & etc.) for a long time. 3-5 years is my uninswag.
This also allows the preceding generations to have jobs and careers. And they can open the economy up slowly and as they see fit. Matter of fact, let them decide what “opening the economy” means; no preconceived notions, no binders. {{ getting a little corny here }} Only limit: don’t make things worse than you found it.
Olds that have taken this early retirement can still work (maybe?), or mentor, coach and teach their replacements. Taking it slow allows this.
Cons: how to handles the non-typical 40-hour x 5 x 50 worker; the very rich. maybe an opt-out system. make this a one time offer?
Original speech-to- text below:
Solution retirement for all over 55. Full pension with bonus buyout. Rough numbers required to know bonus. This leaves restart over economtvaober the next 5vyears slow restart. Anyone newly retired can mentor, teach.
