From a New York Times comparison of the effects of the Social Security plans of two Presidential candidates:
- Christie would raise early retirement age from 62 to 64 and full retirement age from 67 to 69. Sanders wouldn't change either date.
- Christie would eliminate the FICA tax for those 62 and older. Sanders would apply the FICA tax to those with incomes over $250,000, in addition to the current FICA tax structure that applies FICA to incomes up to $118,500.
- Christie would reduce Social Security benefits to those with an income over $80,000 and eliminate all benefits for those with an income over $200,000. Sanders would increase benefits for all recipients, with the amount of the increase being between 2% and 9% depending upon work history. He would also add a special minimum benefit.
- Christie would reduce the Cost of Living Adjustment (COLA). Sanders would increase COLA.