Posted on 01/27/2025 1:11:40 PM PST by ChicagoConservative27
Social Security beneficiaries who stood to see a boost in payouts as the result of a law approved earlier this month may have to wait a little longer than expected for higher payments.
Under the new law, dubbed the Social Security Fairness Act, lawmakers agreed to repeal two tax rules that reduced benefits for many Americans who also receive government pensions, including police officers, teachers and firefighters.
Former President Biden, who signed off on the legislation, said at the time that more than 2 million Americans were slated to “receive a lump sum payment of thousands of dollars to make up for the shortfall in the benefits they should have gotten in 2024.”
“They’re going to begin receiving these payments this year,” Biden also said.
(Excerpt) Read more at thehill.com ...
The only question is how much more postal employees get than same people in the Social Security System based on similar earnings records. I have a feeling the ones in the old Civil Service System the post office had get a lot more. Which maybe one reason they weren’t allowed to get a lot of the SS system
BTW I had Grok on Twitter calculate it and it was much much more but I don’t know if its calc was right or how much they contribute
“I have a feeling the ones in the old Civil Service System the post office had get a lot more”
I think you mean the Civil Service Retirement System (CSRS).
Those people are now as rare as hens teeth.....one I know is about to retire and he has 42 years of service......I’d say at least 95+ percent of them have cycled through the system quite some time ago.
They did not pay in like the rest of us. How is it fair they receive the same benefits?
“lawmakers agreed to repeal two tax rules that reduced benefits for many Americans who also receive government pensions, including police officers, teachers and firefighters.”
Did these groups pay into Social Security?
Do they pay in a reduced amount?
Yes, the system changed in 1985 - 40 years ago!
They did not pay in like the rest of us. How is it fair they receive the same benefits?
No, MMusson: That is exactly the point. They DID pay into the Social Security system for the required 40 quarters working in the private sector covered by Social Security BUT in addition worked in a public service job such as fireman, policeman, teacher, postal worker etc that are covered by a public service pension. The EARNED and PAID into the social security system yet at retirement age, they had their social security benefit reduced from what it would have been if they didn’t work a public service job. Their earned benefit was in effect stolen from them by the WEP law passed in the 1980s and signed by Reagan.
The GPO provision robbed public service employees who received a pension from receiving spousal or survival benefits the is afforded to anyone who was not a public service employee. Overturning this did not give them something they did not earn, it restored what had been taken away from them unfairly.
Now that it has been overturned the SSA is dragging their feet implementing it and paying them their earned benefits only back to Jan 2024, but not for all they years their earned benefit were “stolen” from them !!!
Do they pay in a reduced amount?
No of course not... in their non-public service jobs they paid their full social security tax, medicare tax, etc. Yet their benefits were restricted. And in the case of the GPO law their survivor / spousal benefits were restricted as well.
Did these groups pay into Social Security?
This applies to those who have worked both in public service jobs like teachers, firefighters, policemen, postal workers etc that are covered by government pension plans AND also worked the required 40 quarters in the private sector and paid into the social security system which should have allowed them to receive their full calculated Social security benefit but saw that amount severely restricted or eliminated. The GPO portion of that legislation also restricted their spousal and survivor benefit social security allows for others. This law had been robbing those who worked in both sectors for 39 years, repealing it restored the benefits they EARNED !
Mine was reduced to $133.52 cash and the rest goes to mandated Medicare. That 2.5% COLA this year was awesome.
I do wonder what the tally will be in a year. Maybe I’ll get ten percent more and a six pack of Ensure.
Who the f**k cares about teachers? Most of them are incompetent and Marxist. They aren’t heroes.
The only good thing Biden did in his four years was signing this bill.
It’s also a good start to repeal all taxation on SS benefits.
EC
No, we need to tax all SS benefits, No more freebies for sponges off of the government twwitt.
You do not know what you are talking about. Stop posting.
Too bad COST OF LIVING INDEX WAS 2.9%. They ripped alot of people off on SSI.
If you have a few spare hours and a healthy curiosity...
Go to the Social Security website and decipher how SS benefits are calculated.
What you will find is that “double dippers” are penalized “just because”.
2 workers contribute the same $ to SS over their working life times - the benefits of the “double dipper” is reduced. The “SS only” employee receives 100% if the first “leg” while the double dipper receives a reduced percentage based on “years of significant earnings”.
They should receive the same payout based on the same contributions - but they don’t.
“They did not pay in like the rest of us. How is it fair they receive the same benefits?”
____________________________________________________________
They DID pay into the system, for at least 10 years, just like everyone else.
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