It's much easier to agree with someone who is scratching your back.

deadeyedick wrote:

Fair enough, however...

I paid into SS for 21 years... WEP would have reduced my SS benefit significantly because I have a CalPers pension (which I also paid into for 13 years at 9% a paycheck).

He ain't scratching my back, he is merely letting me collect what I should for having paid into it and not reducing it because I paid into a different one.

Before the change, had you paid into SS for 30 years, no reduction would take place. But because I chose a different career path which has its own system, I didn't reach 30 years of contribution.

Edit: I don't get anything extra... they're just going to give me what I earned without penalizing me for earning another.

MACS wrote:

On his way out the door he signed into law the Social Security Fairness Act.

Gets rid of the WEP, or Windfall Elimination Provision, which reduced the amount of SS benefits for people who had other income from pensions and such. Military, LE, Fire, and some Gov't workers.

If you paid into the system, you should not get your benefit reduced because you have other income.

MACS wrote:

I don't disagree with you at all, Puff... I think it should be abolished and let people do their own saving (or not).

It is, and always has been a ponzi scheme. However, I did contribute to it for 21 years and would at least appreciate the return of what I put in before they abolish it.

Do I need it? Nope. But they took my money, so I will damn sure take it back.

MACS wrote:

On his way out the door he signed into law the Social Security Fairness Act.

Gets rid of the WEP, or Windfall Elimination Provision, which reduced the amount of SS benefits for people who had other income from pensions and such. Military, LE, Fire, and some Gov't workers.

If you paid into the system, you should not get your benefit reduced because you have other income.

MACS wrote:

If I was given the option of taking a lump sum of what I paid into social security and roll it over into my IRA account... I would take that in a heartbeat.

I trust myself with my money way more than I trust any government agency with my money.

BuckyB93 wrote:

I agree completely but you are forgetting that the gobment can't redistribution your money iff they allow you to keep it.

deadeyedick wrote:

On his way out the door he signed into law the Social Security Fairness Act.

Gets rid of the WEP, or Windfall Elimination Provision, which reduced the amount of SS benefits for people who had other income from pensions and such. Military, LE, Fire, and some Gov't workers.

If you paid into the system, you should not get your benefit reduced because you have other income.

MACS wrote:

This had to be done! should have been done sooner!


i know someone now that is worried because of current language, they receive Military retirement after 20 years of service, they receive medical disability pay from the government due to medical malpractice related to VA treatment of an illness toed to va treatment and are now being told they may lose some of that income as "double dipping" yet they were not allowed to sue for medical malpractice and could lose alot...

drglnc wrote:

This had to be done! should have been done sooner!


i know someone now that is worried because of current language, they receive Military retirement after 20 years of service, they receive medical disability pay from the government due to medical malpractice related to VA treatment of an illness toed to va treatment and are now being told they may lose some of that income as "double dipping" yet they were not allowed to sue for medical malpractice and could lose alot...

drglnc wrote: