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Petsyrah

(3 posts)

20. Retro to 12/2023

Reply to Joe Nation (Reply #19)

Wed Dec 18, 2024, 11:38 PM

Dec 18

It would provide back payments for 2024. But keep in mind, this will require SSA to reprogram calculations. SSA is already short staffed by 2,000. So if this happens, it could take a while to see any payments.

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Social Security Fairness Act clears Senate procedural hurdle, on path for final passage [View all] BumRushDaShow Dec 18 OP

Is this not "double-dipping"? If this hastens the SS cuts projected in 2033 - then do something to fix that! walkingman Dec 18 #1

It does move up the date that Soc Security would be unable to pay full benefits. CousinIT Dec 18 #2

As usual, a stupid move by excluding some jobs from paying into SS. Simple solution - everyone pays FICA taxes. walkingman Dec 18 #3

This generally covers people who worked at a job where they paid into SS and were fully vested BumRushDaShow Dec 18 #4

OK - that makes sense. But would it be the equiv of someone that paid into SS the entire 35 years? walkingman Dec 18 #7

SS has all kinds of formulas to calculate what the final check will be BumRushDaShow Dec 18 #10

If you mean their soc sec taxes remain in the portion of soc sec that's invested in treasury Deminpenn Dec 18 #12

Yes - that remains under the control of the Treasury BumRushDaShow Dec 18 #14

And most people are ignorant of the fact that small business owners pay both parts of this contribution. Hope22 Dec 19 #21

And the "entitlement" moniker BumRushDaShow Dec 19 #22

Only three states take unemployment out of employee paychecks. Arrgh Dec 19 #23

There is a federal law that gives guidance BumRushDaShow Dec 19 #24

There are 14 states that have SS benefits "offset" for the last 20 plus years. Huge reduction in what you worked for. Evolve Dammit Dec 18 #5

"Windfall Profits Elimination" I believe was the title of the enabled act. Evolve Dammit Dec 18 #6

It was W.E.P. Joe Nation Dec 18 #17

I lost over 2/3. Of the 14 states that are affected, there are some big ones like CA, so it will probably never change. Evolve Dammit Dec 19 #25

My father knew he was " signing away" MotownPgh Dec 19 #29

Can You answer the above question - or than what you would have gotten if you paid your entire career into SS walkingman Dec 18 #8

worked 10 years in "private sector" and went to a State government job for 33 years? Clarify your question Evolve Dammit Dec 18 #9

Sure - it might be impossible to know, but I wonder if you had paid into SS your entire 43 years walkingman Dec 18 #11

I only want what I paid in for ten years. The offset is denying those SS earned credits. Evolve Dammit Dec 18 #15

Thank Gawd! Jacson6 Dec 18 #13

Someone who is affected by this Petsyrah Dec 18 #16

Welcome to DU LetMyPeopleVote Dec 19 #33

Thank you Petsyrah Dec 21 #35

The way it worked in my state Joe Nation Dec 18 #18

Does anyone know if the bill is retroactive? Joe Nation Dec 18 #19

Retro to 12/2023 Petsyrah Dec 18 #20

WEP Repeal rso Dec 19 #26

IMO, no job should be exempted from paying into SS MichMan Dec 19 #27

Well back in 1986, a law was passed that put the feds under Social Security BumRushDaShow Dec 19 #28

So no state and local government employees are exempted either? MichMan Dec 19 #30

It depends on the state BumRushDaShow Dec 19 #31

Thanks for the answer MichMan Dec 19 #32

You truly are lazy BumRushDaShow Dec 19 #34