This could be a political posting rather than a money issue, but I only ask about one money aspect of Jeb's proposal.
The linked article notes that the proposal includes an adjustment of the Primary Insurance Amount (PIA), specifically changing the PIA factors from 90%-32%-15% to 93%-21%-5%. The timing and/or phasing of such an adjustment is not mentioned.
I calculate this would reduce my future PIA by 32% since like most of us, most of my AIME (Average Indexed Monthly Earnings) is after the first and second bend points.
I'm sure the press will concentrate (if they pay attention at all) on the extended retirement age and proposed use of chained-CPI, but those seem minor to the proposed change to PIA factors. Am I missing something?
Bush Proposes Social Security and Medicare Reform Plan | Committee for a Responsible Federal Budget