Two different kinds of social security.
“Two different kinds of social security.”
Unless I am not understanding you, it is the same program and even the same calculation.
Those with an AIME below the first bend point have 90% of their earnings in their calculation. IMO, these are the leeches.
Those with an AIME between the first and second bend points are getting all their money back if they don’t die young. Fair enough.
Those with an AIME beyond the second bend point are getting screwed royally. Those retiring at 67 in this category will never get all their money back. And this will be the first group to have benefits cut.
All were forced to pay in, so I don’t see it as an ‘entitlement’ like welfare.
But it is Socialized Security, where those that work the hardest just get stolen from. Sad how few people bother to take the five minutes to understand the system we are forced into. Although I am glad to see many here have done so.