September 19, 1987 |
Jack Carlson, the new executive director of the American Assn. of Retired Persons, said Friday that Congress should abolish the rule that reduces Social Security benefits for those who continue working until age 70. The earnings penalty is "dumb" and discourages older workers, said Carlson, who will become the chief operating officer of the 26-million-member organization next month. Elimination of the penalty would expand retirement benefits by $5 billion a year.