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Petsyrah

(3 posts)

35. Thank you

Reply to LetMyPeopleVote (Reply #33)

Sat Dec 21, 2024, 11:49 AM

Dec 21

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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