Biden RAISES Social Security Payments On Way Out

[Marener]

So will the feds pocket the pensions instead of giving more money to the teachers?

Dont hold your breath

The government workers will double dip

Teachers earned the pension. They earned the social security.

You’re angry that people are getting what they earned. Maybe it’s because you think they’re Biden voters and you’re petty like that?

 

[Mac-7]

Teachers earned the pension. They earned the social security.

You’re angry that people are getting what they earned. Maybe it’s because you think they’re Biden voters and you’re petty like that?

They paid into their pension fund instead of SS

So Biden is giving them unearned money

 

[Marener]

They paid into their pension fund instead of SS

So Biden is giving them unearned money

Nope. This is about people who have both pensions and social security wages which they paid social security taxes on. Social security benefits are only calculated from the income they received that paid taxes on.

It’s earned.

 

[Mac-7]

Nope. This is about people who have both pensions and social security wages which they paid social security taxes on. Social security benefits are only calculated from the income they received that paid taxes on.

It’s earned.

Nope

They paid a portion of their wages into a pension fund instead of SS

 

[Marener]

Nope

They paid a portion of their wages into a pension fund instead of SS

Nope. You’re wrong. Again.

“ The Windfall Elimination Provision (WEP) is a formula used to adjust Social Security worker benefits for people who receive “non-covered pensions” and qualify for Social Security benefits based on other Social Security–covered earnings”

Program Explainer: Windfall Elimination Provision

Social Security Administration Research, Statistics, and Policy Analysis

www.ssa.gov

You have to have paid into social security to be eligible for any benefits. The formula reduces those benefits for some people who also receive a pension.

 

[Mac-7]

Nope. You’re wrong. Again.

“ The Windfall Elimination Provision (WEP) is a formula used to adjust Social Security worker benefits for people who receive “non-covered pensions” and qualify for Social Security benefits based on other Social Security–covered earnings”

Program Explainer: Windfall Elimination Provision

Social Security Administration Research, Statistics, and Policy Analysis

www.ssa.gov

You have to have paid into social security to be eligible for any benefits. The formula reduces those benefits for some people who also receive a pension.

Of course the gov workers paid SOME money into SS

But they are going to be compensated as if they paid all their “contributions” into SS instead of it going to their pension

The feds need to tax the pensions to make up the difference

 

[Marener]

But they are going to be compensated as if they paid all their “contributions” into SS instead of it going to their pension

You’re just making that up.

 

[Mac-7]

You’re just making that up.

The worker paid into a pension fund instead of SS

Thats a fact

 

[Marener]

The worker paid into a pension fund instead of SS

Thats a fact

Sometimes people do both.

That’s a fact.

You don’t know what you’re talking about.

That’s also a fact.

 

[postman]

yea those 20 dollar a month raises just help so much....

The Congressional Budget Office estimated in September that eliminating the Windfall Elimination Provision would boost monthly payments to the affected beneficiaries by an average of $360 by December 2025. Ending the Government Pension Offset would increase monthly benefits in December 2025 by an average of $700

 

[postman]

The government workers will double dip

It's no different than if you worked for two or three different companies, and got vested in their retirement plans. You earned each of those entitlements, so why should the government cut your social security (which you also worked for)?

 

[postman]

Nope

They paid a portion of their wages into a pension fund instead of SS

If you didn't pay into FICA, for 10 years worth of quarters, you don't receive social security retirement.

If you only paid the medicare portion, you only receive medicare, not retirement.

 

[CrusaderFrank]

He did it! Old man Sleep Joe ACTUALLY did it folks.

Now watch Trump take credit for it once the American people realize they got a raise.



Let the good times roll.

One of the dumbest things ever written by you or any of your sock accounts

 

[Harry Dresden]

Mostly democrats

But why not everyone?

not every retiree has those restrictions....usually just people who worked govt....

 

[postman]

not every retiree has those restrictions....usually just people who worked govt....

That includes military retirees.

 

[Harry Dresden]

They paid into their pension fund instead of SS

So Biden is giving them unearned money

no its not like that....lol....its people who earned a pension with the govt and earned a pension with a private firm...they paid into both....but they are penalized....and they should not be....

 

[Mac-7]

Sometimes people do both.

That’s a fact.

You don’t know what you’re talking about.

That’s also a fact.

Nice try but it wont work

If they did pay into SS there would be no need for the new law

This is a windfall for the gov retirees

 

[Harry Dresden]

That includes military retirees.

thats what i said....

 

[postman]

no its not like that....lol....its people who earned a pension with the govt and earned a pension with a private firm...they paid into both....but they are penalized....and they should not be....

You would think republicans would like people who worked in both the private and public sector.

 

[Harry Dresden]

The Congressional Budget Office estimated in September that eliminating the Windfall Elimination Provision would boost monthly payments to the affected beneficiaries by an average of $360 by December 2025. Ending the Government Pension Offset would increase monthly benefits in December 2025 by an average of $700

would increase monthly benefits in December 2025 by an average of $700
so your saying retirees are going to get a 700 dollar raise?...