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re: Senate stealing from the poor - this should be a crime.
Posted on 12/20/24 at 2:41 pm to David_DJS
Posted on 12/20/24 at 2:41 pm to David_DJS
quote:
When you work for the government, isn't your employer the taxpayer?
The taxpayers money goes into the general fund
My retirement money goes into the appropriate retirement fund, and is paid out of that same fund. Who I work for has zero to do with my own money withheld for retirement. Because I still am required to pay Federal, state, and local taxes that does not go into my retirement system
1
Posted on 12/20/24 at 2:44 pm to Narax
quote:
The federal government needs to spend money to make me more more wealthy.
I don’t look at it that way. From my perspective why should the federal government TAKE from me what I and my employers paid into SS to be different than anyone else.
How exactly is the federal government going to pay me more than the next guy that contributed the same amounts for the same duration?
Posted on 12/20/24 at 2:52 pm to Narax
quote:
So give use your numbers, because you are obviously lying.
There are no numbers dumbass, because the law currently prevents me from filing for my SS retirement. But if it does pass, I will receive roughly 1,800 a month, because that wasnt my main source of income
Theres no why in hell you are paying that much each month into SS, let alone enough in the past to cover me until I die. You would have to be making $30,000 every month to cover that, or $360,000 a year. And if youve been making $360,000 a year since you began working, you wouldnt be pissed at whether SS would be there for you or not
Posted on 12/20/24 at 2:59 pm to mikie421
quote:
How exactly is the federal government going to pay me more than the next guy that contributed the same amounts for the same duration?
That's exactly how it works.
Your employer SS tax isn't about you, it's a payroll tax.
The main issue is that you see your SS payments as your money.
It's never been.
It's money that goes into a pot that has defined spending.
That spending is to provide a baseline income to US citizens in their old age.
The first recipients paid nothing in.
It's called social security...
You are secure via a pension, so you don't need as much security.
It's always been that way.
You accepted it.
Posted on 12/20/24 at 3:06 pm to RobbBobb
quote:
There are no numbers dumbass, because the law currently prevents me from filing for my SS retirement. But if it does pass, I will receive roughly 1,800 a month, because that wasnt my main source of income
Reading and math problems I see...
What's your pension...
Per month.
That's what I asked, you are refusing to be honest because it would show your greed.
Posted on 12/20/24 at 3:10 pm to Narax
quote:
You are secure via a pension, so you don't need as much security.
So by that rationale, if someone is secure in retirement via IRA they should get reduced SS? Sounds like you are in favor of means testing.
Posted on 12/20/24 at 3:10 pm to DakIsNoLB
Thank you for that explanation
Posted on 12/20/24 at 3:18 pm to RobbBobb
quote:
The taxpayers money goes into the general fund
Yeah, and you're paid from the general fund. You work for the taxpayers. The taxpayers pay you.
But I do get your argument to a point, however - are government pensions negotiated in light of government pension offset of social security?
Posted on 12/20/24 at 3:22 pm to mikie421
If some teacher goes home at night and makes cutting boards in his shop and on the weekends and all summer, why should he get reduced SS if he is paying into it like his neighbor?
Posted on 12/20/24 at 3:57 pm to Narax
I retired from state service. I went into the private sector afterwards. I was considered an independent contractor. As a result I paid the employees and owner’s share. In 20 years I paid $300000.00 into the system. How can you claim I haven’t earned my full benefit?
Posted on 12/20/24 at 5:03 pm to JakeRStephenes
quote:
Thank you for that explanation
Lot of good it's doing. They rather just jerk each other off about how they aren't getting what they "deserve".
Posted on 12/20/24 at 5:05 pm to dwr353
quote:
How can you claim I haven’t earned my full benefit?
I appreciate you providing numbers, what I object to is people being two faced on this.
The same people who are claiming that they are rich AF bigrollers who worked two lucrative jobs, are then throwing a fit that they won't get $2k a month.
But no one has provided full numbers.
Govt Pensions are calculated knowing that the workers will also be paying into SS.
So here is my question,
When you look at your pension and how much you paid into it and into SS, how does it compare with the rate of return of a non govt worker gets from just SS.
Aka if a regular worker works 45 years (20-65), and pays in full rate, then gets paid back for 15 years in SS checks, how does that compare to you paying into both SS(employee only, employer is a separate topic) and into your pension, and only getting the pension (which could be much higher than SS)
Posted on 12/20/24 at 5:08 pm to davidsheroes
Can I get the money that I have had to give to give to social security and invest it myself?
Posted on 12/20/24 at 5:11 pm to DakIsNoLB
quote:
how they aren't getting what they "deserve".
Yup, it's not clear, they could be paying less and getting more or visa versa.
But from your explanation and their lack of transparency I feel that they know they are getting a good deal already (I mean they did agree with it to begin with).
If they were getting less, (aka I paid in $400,000 and I will only break even if I live to 110) They would be telling us all the details.
They aren't.
And they wonder why govt workers get a bad rap.
Posted on 12/20/24 at 5:18 pm to Narax
quote:
Don't do some "its my money I would have invested in NVIDIA BS"
Social security is a fraudulent scheme. No one should have to be required to give to it. If you don’t contribute you don’t get it.
See how long it survives.
Posted on 12/20/24 at 5:21 pm to Veritas
Also if you are counting on social security while they continue to raise the retirement age you are fricked.
Posted on 12/20/24 at 5:33 pm to Narax
I do not have the numbers you ask for. However, had I been given the opportunity to pay $300k into my SEP instead of SS, I can assure you I would choose an investment account every time. I can also state that I entered state service before these provisions were added. I had no choice in the matter.
Posted on 12/20/24 at 6:12 pm to dwr353
quote:
I do not have the numbers you ask for. However, had I been given the opportunity to pay $300k into my SEP instead of SS, I can assure you I would choose an investment account every time. I can also state that I entered state service before these provisions were added. I had no choice in the matter.
None of us had a choice.
I don't get the portion my employer pays in the fact that you personally had to pay it is no different than my employer paying it before its handed to me.
Posted on 12/20/24 at 6:22 pm to Narax
My point is I paid more personally in 20 years than many workers paid in 45 years including the employer portion. The entire situation is a cluster frick.
Posted on 12/20/24 at 6:29 pm to dwr353
quote:
45 years including the employer portion.
Everyone has the employer portion paid.
It doesnt matter if your employer takes it out first or not.
In either case the money disappears, either before the employee sees it or after.
Everyone else paid the employer portion too, you think that companies paid that out of the goodness of their hearts?
So you paid half of that, or other workers paid 2x that.
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