But they did pay in. My husband worked a government job and got a pension. He also worked a civilian job before and after his government job. He was only entitled to 40% of his social security payment because he had a government pension. I guess you would fine with losing 60% of your social security if you have a civilian pension?
Yes,
Social Security is a welfare program.
Designed to pay more for the “poor”. As you make more money, you benefits grow proportionally less and less.
If you pay little bit into the system, you get paid up to 90% of you income, but if you worked all life in private industry, you end up getting only 15%!
People, who worked government, and get their gov. pensions, but also worked in private a little bit, would get the “poor” 90% SS a top of their gov pensions.
So they would get the SS Windfall. the huge benefit designed for the poor a top of their rich gov pensions.
So this provision was designed to make their benefits, as if they worked all the time at one institution.
Obviously, Biden gift to his faithful gov. workers.
Or, rather, the deep state getting themself a raise!
You husband got what we are getting, now, he is getting a lot more! Is it fair for us, the ordinary folks, who never worked in government?!
It eliminated the double and triple dippers.
Work for government pension .
Retire.
Work 10 quarters for ss pension. Most took out way move than they put in just by qualifying
Triple dippers had military pensions prior to the above.
It eliminated the double and triple dippers.
Work for government pension .
Retire.
Work 10 quarters for ss pension. Most took out way move than they put in just by qualifying
Triple dippers had military pensions prior to the above.
Maybe they should just stop worrying about alleged windfalls and just provide the SS that they would get from the jobs that collected FICA. No adjustments either up or down.