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Post by freecharlie on Jul 20, 2021 18:08:02 GMT
It's not at all uncommon for public employees who have a separate retirement plan and do not pay into social security to not receive social security benefits. I'm sure you paid into social security which is why you can draw benefits from it, but if you don't pay into the system, you don't receive benefits - it's really not about screwing anyone. Now if their state is incompetent and isn't fully funding the pension, they very well may get screwed as too many of these plans have over promised and are underfunded, but that's a discussion for another thread. But even if you’ve paid into both systems you are precluded from drawing SS due to “windfall elimination” provisions. Assuming I stay in the state employee retirement system for the rest of my career — I will have to forfeit any money I’ve paid into social security and if my husband passes before me, I cannot collect his ss...well I can, but they adjust my retirement down
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Post by freecharlie on Jul 20, 2021 18:10:42 GMT
Not to change the subject but you all got screwed. I have a retirement pension qand can draw from SS..how the hell did that all happen It's not at all uncommon for public employees who have a separate retirement plan and do not pay into social security to not receive social security benefits. I'm sure you paid into social security which is why you can draw benefits from it, but if you don't pay into the system, you don't receive benefits - it's really not about screwing anyone. Now if their state is incompetent and isn't fully funding the pension, they very well may get screwed as too many of these plans have over promised and are underfunded, but that's a discussion for another thread. GPO applies to PERA (colorado) retirees who also receive a Social Security spousal or widow(er) benefit. The GPO reduces the spousal Social Security benefit by two-thirds of the PERA benefit and may completely eliminate the Social Security benefit. For more information, view Social Security's Government Pension Offset online fact sheet.
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Post by Darcy Collins on Jul 20, 2021 18:28:36 GMT
It's not at all uncommon for public employees who have a separate retirement plan and do not pay into social security to not receive social security benefits. I'm sure you paid into social security which is why you can draw benefits from it, but if you don't pay into the system, you don't receive benefits - it's really not about screwing anyone. Now if their state is incompetent and isn't fully funding the pension, they very well may get screwed as too many of these plans have over promised and are underfunded, but that's a discussion for another thread. But even if you’ve paid into both systems you are precluded from drawing SS due to “windfall elimination” provisions. Assuming I stay in the state employee retirement system for the rest of my career — I will have to forfeit any money I’ve paid into social security You do not forfeit any money you've paid into social security. The benefit amount may be reduced, but there is a maximum amount that it may be reduced by - it does not go to zero if you paid into the social security system long enough to accrue benefits. The social security benefit amount is heavily skewed to increase benefits for low wage workers. The windfall elimination, is so that workers in two systems aren't treated as long term low wage workers as their other income they're receiving a pension on is not in the calculation. There is details here which some should really read as there is a lot of misinformation on this thread: www.ssa.gov/benefits/retirement/planner/wep.html
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Post by Darcy Collins on Jul 20, 2021 18:32:53 GMT
It's not at all uncommon for public employees who have a separate retirement plan and do not pay into social security to not receive social security benefits. I'm sure you paid into social security which is why you can draw benefits from it, but if you don't pay into the system, you don't receive benefits - it's really not about screwing anyone. Now if their state is incompetent and isn't fully funding the pension, they very well may get screwed as too many of these plans have over promised and are underfunded, but that's a discussion for another thread. GPO applies to PERA (colorado) retirees who also receive a Social Security spousal or widow(er) benefit. The GPO reduces the spousal Social Security benefit by two-thirds of the PERA benefit and may completely eliminate the Social Security benefit. For more information, view Social Security's Government Pension Offset online fact sheet. Just as my spousal social security benefit is completely eliminated by my own social security benefits as a worker - all dual income couples will have their spousal social security benefits impacted by their own benefits.
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Post by Sharon on Jul 20, 2021 22:01:23 GMT
I'm glad I was on city retirement. The state had no say in it. I'm able to draw my full social security and my full retirement since I paid fully into both systems.
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Post by sabrinae on Jul 20, 2021 22:13:02 GMT
But even if you’ve paid into both systems you are precluded from drawing SS due to “windfall elimination” provisions. Assuming I stay in the state employee retirement system for the rest of my career — I will have to forfeit any money I’ve paid into social security You do not forfeit any money you've paid into social security. The benefit amount may be reduced, but there is a maximum amount that it may be reduced by - it does not go to zero if you paid into the social security system long enough to accrue benefits. The social security benefit amount is heavily skewed to increase benefits for low wage workers. The windfall elimination, is so that workers in two systems aren't treated as long term low wage workers as their other income they're receiving a pension on is not in the calculation. There is details here which some should really read as there is a lot of misinformation on this thread: www.ssa.gov/benefits/retirement/planner/wep.html My grandmother gets $20 a month of her social security and none of my deceased grandfathers because of windfall provisions. It may not go down to zero but it doesn’t come close to even paying out what you e paid in. My grandmother worked before she married my grandfather the entire time my grandfather was in the navy and paid into SS, she then worked for and retired from the post office.
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Post by Darcy Collins on Jul 20, 2021 22:19:34 GMT
You do not forfeit any money you've paid into social security. The benefit amount may be reduced, but there is a maximum amount that it may be reduced by - it does not go to zero if you paid into the social security system long enough to accrue benefits. The social security benefit amount is heavily skewed to increase benefits for low wage workers. The windfall elimination, is so that workers in two systems aren't treated as long term low wage workers as their other income they're receiving a pension on is not in the calculation. There is details here which some should really read as there is a lot of misinformation on this thread: www.ssa.gov/benefits/retirement/planner/wep.html My grandmother gets $20 a month of her social security and none of my deceased grandfathers because of windfall provisions. It may not go down to zero but it doesn’t come close to even paying out what you e paid in. My grandmother worked before she married my grandfather the entire time my grandfather was in the navy and paid into SS, she then worked for and retired from the post office. Receiving a pension from the post office would of course offset any survivor benefit - it would be absolutely no difference if she had not received a pension from the post office, but had paid into social security during that time - she would receive her own benefit but not a widow benefit. I have no clue how long your grandfather was in the navy, but the rules and formulas are all public record - look at the tables - it's likely she did not work for long paying into the social security system - as a WORKER - benefits can't be reduced by more than half their eligible benefit based on the windfall provisions.
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Post by papercrafteradvocate on Jul 22, 2021 22:18:31 GMT
I elected my representative to help protect voting rights in Texas, and that’s what she’s doing. Guess you elected yours to make sure the poor brown and black folks in bad old Harris County have a harder time getting the polls. Too damn bad. Plus they went to Washington where they can try to further equal voting rights for all. It’s not like they flew to Cancun during a state of emergency or anything! Oh snap!!!! 🤣🤣🤣
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