“Well then, if the government doesn’t have to pay benefits, then I don’t have to pay into SS. Sure would give me extra money in my pocket. The other thing that sticks in my craw is that we have to wait til 65 to ALL of OUR MONEY. If you apply at 62 you only get 75%. What part of MY MONEY aren’t they clear on?”
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I don’t really kick about that part, after all it is pretty standard in any kind of retirement plan that if you take early retirement you get a smaller monthly check. You couldn’t expect those who wait until 65 and pay more into the plan for those three years while drawing nothing to get the same check as those who retire at 62.
Now the rest of it is crap, including the fact that you have to pay in whether you want to be part of the plan or not.
The point isn’t that folks who wait til 65 have paid in longer and therefore get more. The point is that the folks who apply for their money at 62 are due the full amount, not just 75%. Why should they have to wait til 65?