My initial reaction to the article was the same as yours. But let me go beyoind that. IMO "saving" the program only grants it legitimacy. Let's call it what it is. It's socialism, pure and simple. Stop taxing private citizens for Social Security, and let people take responsibility for their own retirements with their own dollars.
Bingo
Chile proved privatization would work.
When Bush proposed we try just a little bit of that provenly successful program for just a small portion of social security and with 0.01% of the effort and intensity that he put into illegal alien amnesty, do you remember the uproar engineered by AARP and other professional nanny staters?
The oulined plan would blunt said uproar by initially offering the government employee unions an opportunity to grow.