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BumRushDaShow

(144,229 posts)

7. What?

Reply to MichMan (Reply #5)

Sat Dec 7, 2024, 10:40 AM

Dec 7

Remember the "pay into" thing is a TAX - "FICA" (Federal Insurance Contributions Act) under the original name of "Social Security" which is -

"OASDI" (Old Age, Survivors, and Disability Insurance).

I.e., it is "INSURANCE" like life insurance or car insurance, etc.

https://www.irs.gov/taxtopics/tc751

Other "insurances" can be designated to cover others as "recipients". Social Security is not like an "annuity".

There are millions who pay the FICA tax (including paying it for 40 quarters or more - i.e., "full vested" ) who never reach the age to even collect it (mostly POC), and no one is reimbursing them after they are deceased (if not designated). There are caveats that happen when you designate a spouse/dependent/survivor - i.e., the original contributor has a REDUCED benefit when they retire (even when the spouse is still working and is otherwise "ineligible" ) and that continues if their designated spouse predeceases them.

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Highlight:

The Social Security Fairness Act has bipartisan support, but time is running out for Senate vote [View all] BumRushDaShow Dec 7 OP

Just like the bipartisan Immigration Reform Bill had moniss Dec 7 #1

Is it true that under this bill, someone who has never paid a dime into SS would be eligible as a spouse? MichMan Dec 7 #2

"Is it tue that under this bill, someone who has never paid a dime into SS would be eligible as a spouse?" BumRushDaShow Dec 7 #3

If it is already legal regardless of this bill, it shouldn't be MichMan Dec 7 #5

This message was self-deleted by its author Chin music Dec 7 #6

What? BumRushDaShow Dec 7 #7

Yeah...beat that FACT into the heads of Eloon and his pipsqueak sidekick Vivek.... Bengus81 Dec 7 #9

This message was self-deleted by its author Chin music Dec 7 #10

No, a federal retiree cannot get SS on spouse's record if the Fed's own pension is higher wishstar Dec 7 #16

Federal employee's hired after Jan 1984 have been paying into the SS system since then.... Bengus81 Dec 7 #8

Yes - under "FERS" ( "Federal Employees Retirement System" that replaced "CSRS" - "Civil Service Retirement System" ) BumRushDaShow Dec 7 #11

That's Rebl2 Dec 7 #17

I hope it gets approved. A family member is a public school teacher with a public pension. Jacson6 Dec 7 #4

This message was self-deleted by its author HereForTheParty Dec 7 #14

Seems, maybe, the republicans are not the only ones dragging their feet on SS. republianmushroom Dec 7 #12

My wife and I both are affected by the WEP Joe Nation Dec 7 #13

Will our Congress critters benefit from this? HereForTheParty Dec 7 #15