Yes, KaizenEnergyUS, that is true. But, unfortunately, it won't happen. The major "boost" will be in the pockets of millionaires & billionaires, not the average American who counts on their Social Security- that they paid in to for decades - for survival.
After taxes and Medicare cost, you get nothing. Enough to pay the government more taxes. That's what it was all about. More money back to the government.
@@TheBudgetWarrior Yes it does change it. I receive a pension and until HR82 was passed, I could not collect a spousal benefit. Now I will be able to collect 50% of her benefit after she turns 62 next year.
You are correct. We live in a wealthy nation. This wealth is primarily generated by working people. It is not created primarily by the so-called "investor class," i.e. the wealthy. It is also not primarily created by the so-called "job creators," i.e. wealthy corporations. Our wealth comes from working people. Republican economic policies (i.e. tax policy, labor policy, government support for public education, etc) have long been rooted in the belief that wealth should be gradually redirected away from working people and moved into the pockets of the wealthy. Things have gotten gradually, but steadily, harder for working people since the early 1980's when Republican ideology started coming back into style with the election of Ronald Reagan. None of this is an accident, and none of it is a misunderstanding. This is deliberate.
No the rich have the money and put our Gov't in $2trillion dollars debt because of trump's lowering taxation on the rich and he plans to renew it this next session. More debt. That's why he wanted the debt ceiling raised again last week. It would have been a 5 Trillion dollar windfall alright.
My friend got his notice on Dec 22. He gets a 2.5% increase. Big deal, $85 more per month. Do you really think that is going to cover the higher cost of groceries? Expect a whole lot of people making their yards into gardens this summer.
It is a joke. Meanwhile, the members of Congress tried to pass a bill with $70,000 increase in their salaries. Fortunately, Vivek Ramaswami caught it and this raise was eliminated. What a horrible government we have.
no it is not going to help him at all. Mine was only 24 lousy dollars per month. Not at all beneficial to me and what i have to live on each month. What the government is doin for these people who have worked in the private sector makes me sick to my stomach. This is not fair to any of us older people who are not making ends meet. It is so hard to buy anything including paying rent and buying food and paying all the utilities on a small amount of money every month. Where do they get off doing this.
@@eshapiro9585 If they paid into the fund, then wonder where the money they contributed went to. So the rest of us are paying off government theft so that these others can get paid.
I agee with you. Although, sometimes it can have a bad look. Particularly for high ranking government and military officials that get a private sector jig that pays a whole lot of money. When you see a retired general as a lobbyist making gobs of money it can make you mad. I might be wrong but I think the highest amount of money you could make as a general capped at $120K/year. But they could make way more in the next 10+ years working as a lobbyist for a big company. They would have made the personal connections that a private company would be willing to pay a lot of money to get. And they would be paying into SS in this kind of jig. If they paid in for 10 years at the $100K cap then they have indeed paid into the fund and should get their cut. It's just the fact that they can make a tremendous amount in those last 10 plus years to the point where their SS checks would be trival compared to their acquired wealth. And that burns people up. I know it used to piss me off. But now that I'm old and SS is an issue for me, I've been trying to piece this together and I think I get it now. They're not double dippers. They just played the game better than me from the start. Now, for the people who are not as high profile as a general becoming a lobbyist, say a school teacher that got paid dirt and was treated like sh!t and retires after 20 to go on to get a jig at, I don't know, let's say as rep in a call center or whatever, for the next ten plus years, paying into the fund, well this could REALLY help them out. Which is weird because I'm not jealous of them at all. And this whole wind fall elimination program signals to this generation that they should considter a life in a shitty government job. Which is cool because we need those people. But for the rest of us, we will only have cost of living adjustments to help. And those COLAs seem to be calculated by someone on a different planet.
How can this guy be talking about INCREASES, WHEN MUSK AND TRUMP ARE TALKING ABOUT TAKING EVERYTHING AND ANYTHING AWAY FROM US? WHERE THE HELL IS HE GETTING HIS INFO FROM?
HIRE SOME HONEST PEOPLE TO FIND OUT "WHERE ALL THE FRAUD IS" HAPPENING, AND GO AFTER THOSE PEOPLE. AND LEAVE THE REST OF US THE HELL ALONE, EXCEPT TO HELP US OUT SO WE DON'T LOSE THE LITTLE THAT WE WORKED SO HARD FOR.
I was a teacher from 30 to 64 years of age and I paid into STRS as did my employer. I work in the private sector from 16 to 30 years of age and paid into social security. During my teaching years I tutored students after school and for the twelve weeks of summer (yes, it use to be 12 weeks) break. I paid into social security yearly on my taxes for self employment. The Windfall elimination is criminal! I don’t even get enough to pay for Medicare.
My spouse has paid into social security and has worked her later career for the state university. She would not get a dime of her social security or spousal benefit from mine because of the WEP and GPO rules. Meanwhile a coworkers wife has never worked and can get half of his benefit as a spousal benefit...This is not fair to those who have worked their life with lower paying government jobs and get nothing if a spouse passes... Its about time they repeal this as it has never been fair for public employees.
Some people in this group get to retire at 55, plus many are over paid. In one county in South Carolina, dept heads earn $250k a year. The media's hype of "everything for the heros" needs to stop.
@winterborn126 How would you feel if you worked your whole working life and earned a pension but still had to pay into social security? Wouldn't you want your fair share of what you paid into it? Just because you also earned a pension doesn't mean you shouldn't be entitled to your fair share of what you paid into social security. People need to start planning for their retirement the first day of the first job they ever get. Don't wait until you're in your forties or fifties to start thinking about retirement. So many people today retire and have nothing but social security to fall back on and even worse they retire and are still in debt with mortgages and car payments and credit cards, etc. Whatever income you retire with the most important thing is to be debt free.
Ahh even with a pension they took our money for social security since I was 13 so yes it’s my money. Not our fault you want to punish the people that work 30-40 years and also get a pension.
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Some of those people were plumbers, electricians, cooks, office workers, etc. They worked for years paying FICA taxes, and then got a county, city, state, or federal job doing the same kind of work. Some of them are veterans, and they paid social security taxes while serving, like during the Viet Nam war. When they got the government exempt job, they no longer paid social security taxes but paid into some government pension fund. Many, when they retired, got small government pensions, but their social security was reduced or by WEP. Often the combined social security and government was not enough to survive. GPO takes a surviving spouse' social security survivor pension away if that person, usually a woman, had some small paying job like being a cook at a public school, or a teacher's helper. Those people were reduced to just a few hundred dollars a month to live on for everything. Some got jobs at fast food places or convenience stores just to survive. Often well into their 80s, many of them are laborers, who now are elderly and still trying desperately to eat and have a roof over their heads. Do you want that? Nobody does. This helps some, but social security needs to be fixed. These politicians talk about the problem, b ut they never seem to do anything to fix the issues.
I worked 30 years in school district . 25 years in social security. My retirement is 2083 and 475 SS. I only have money for 2 weeks out of the month, then go without the rest of the month and hope that nothing comes up. Only administration made money in school districts, not teachers and classified. Custodial and TA made less than 15 per hour.
@@johndonohoe9807I like Senator Manchin, but frankly, there have been several legislative efforts to fix WEP, and it is so complicated, it just can't be done. I think Congress just sick of it and scrapped the whole thing. For decades they underpaid many people, and now they will be overpaying some. Congress had YEARS to fix this problem. It was the Democrats in the House who refused to even pass it on the Senate last time. Maybe they can actually create a fair WEP formula when they overhaul SS--which is going to happen. Until then, I am just thinking these extra funds are back pay for the decades of funds that were withheld unfairly.
@@deborahsherer1710Many people don't realize that pensions are often not huge amounts. Living on $24,000 a year is at poverty level. Texas is one of the states affected by WEP. Their retirement system rarely gives COLAs. Until a recent COLA (which gave older retirees 6%), some people got $1,000 a month in pensions. In this country, you can't live on that.
We paid into social security and are receiving only what we paid into. Congress can keep their hands off social security and stop borrowing from it. They can pay back what they took from it with interest too. Please quit presenting this argument to Americans that you are giving us something we don’t deserve. You were trusted to care for this fund and you stole from it.
@@sportingclaybuster Yet those who benefit from this bill DON'T deserve it, AND it is financially irresponsible to deduct this cost, without first replacing it.,......n then some. Raise the CAP
LBJ started this "delete" the social security by taking from the funds to pay for a war. Reagan took from it again? That's why we are in short fall. Pay back the money with interest and we could get decent COLA increases.
Just get the Government out of the SS business. Let the people invest the money and not have to worry about how the Government doesn't do it. Government CAN'T invest anything. What do they invest it in?
@@tixximmi1 HELLLL NO! That's a one way ticket to losing your Social Security. Please for the love of god, educate yourself on Social Security. This isn't a cash cow for industry, it's for retirees and the elderly.
The $65 billion given to Ukraine 8 weeks ago could have built 400 new 300 unit apartment units for the disabled and elderly in every state in the USA. Their 25% rent from their SS would maintain and manage the properties a give 5.9 million seniors housing over the next 25 years.
Our economic hardships are not due to international aid programs. Our hardships are also not caused by poor people. Our financial struggles are caused by Republican economic policies. Republican policy calls for the national wealth to be redirected away from working people. Trump has announced plans for even more tax cuts for the wealthy, which will jack up our national deficit even more, and won't benefit working people (who create the national wealth) one bit. Republicans are extremely good at deceiving the voters.
@@grumpy1962RThat's the high end. In rural, southern, midwest areas you could build 204,000 units instead of the 120,000 mentioned above. You can add to that it is a productive investment, it frees up housing for younger people, has a social payback on numerous levels; medically, homelessness, and other increased costs. Let that soak in.
Yes, I heard Anderson Cooper press Lindsey Graham about that on CNN the other night. And if you believe that, then you ALSO believe that the multimillionaires on FOX's THE FIVE would ever mention that.
Except that if we've been disabled our entire lives, we didn't actually pay FICA taxes. We're collecting what others paid in and, also, we have Medicaid so we don't have Medicare deducted or the 20% copay for medical. The people that worked and paid into the system their entire adult life definitely should be able to collect their benefits when they're retired.
Social Security will be around but there are major changes coming. There will be reductions in benefits and increases in the retirement age. Furthermore there will be a Means Test clause coming in the near future. Which means, if you have retirement assets above a certain level you will not receive social security or a very reduced benefit. I am certainly not counting on Social Security for my retirement.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
I completely agree; I am in my mid 40s, approaching retirement, and have approximately over 2million dollars in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.
If your jealous of what you think government employees earn in benefits you should have worked for the government. As it is, those government employees who make sure your check arrives each month are about to walk out and when your bank is empty, no government employee will answer the phone, respond to your letters or be in the office for you to visit 👍
Thats BS..I paid in to my Gov. Retirement $190.00 every 2 weeks for 30 years I worked in the private sector for 15 years and the SS I paid in and qualify for $1600.00 in Benefits but am reduced to $250.00 per month. They should give back pay for what was stolen from me.
@@butterflygirl3359 Fred is not jealous! He is angry that gov employees are treated better than most Americans. He did not know this when he chose his direction in life! He wasn't looking for a cushy, easy office job, as you chose. Also, a pause in gov doesn't pause social security deposits. You ought to know that, smartaxx!
@you out in left field for sure , oh goverment employees like postal workers making 50 dollars a hour. Or how bout EPA workers making 45 per hour plus all the overtime they want.
Social Security is short 4 trillion dollars because former President Clinton and Former President Bush use 2 trillion each from the Social Security. Clinton used it to balance the budget and Bush used it to fund the war in Irag.
Sorry Senator, it was the Greed of our Government from the bottom up! Villages, Townships, Cities,Counties, States, and mostly the Federal Government! I served one 4 year term on our local Board of Education and man was that an eye opener. The harder it is to verify, the more difficult it is to prove. Some officials in my State of Ohio were in bed with people connected to one of our major electricity producers! The influence of Lobbyists help with the corruption problems!
That would be the ideal solution but notice how the presenter , Cruz and Manchin didn’t even mention it because they have NO INTENTION of saving Social Security. The Republican plan is to starve it, let it die and then take it over by privatizing it. It’s in their Project 2025.
as someone who pays the absolute maximum for over a decade (times 2 because my spouse also makes over the maximum)....I completely disagree with you. And "they" have dramatically increased the cap. If only you had made better choices in your career to make such an asinine statement. 2022 147,000 2023 160,200 2024 168,600 2025 176,100 www.ssa.gov/oact/cola/cbb.html Repeal SS tax now and give my family our 20K per year back. I can manage it better than the government.
I worked for over 32 years from state of California and I chose to contribute to social security. I also now work part time for the federal job and also contribute social security. I have over 40 years of credit.
I am a Public school teacher and just retired. Paid into SS for 30 years. I think I will collect SS earlier than I originally planned. The SS funds will be completely drained by 2038.
If you calculate how much they NOT paying for those extra 5 years of work. Then divide to “extra” amount they promising. Will be extra interesting only after you turn 79. We all should retire in 62. Don’t make them full you
This is great news. I paid in to Social Security as a civilian before I was a firefighter and paid in after I retired. When I worked in the private sector insecurity we deserve what we paid in whether we have a separate pension.🤙🏼👨🏻🚒
I worked a public job with a pension and we paid social security taxes too so I don’t think I had any worries. Unfortunately I had to start drawing the pension when I turned 55 due to my lack of a good job st the time so I’m only going to get about $1,000 a month from it for life but now I’m gainfully employed again so I take that pension money and reinvest it till I officially retire. I’m 62 now and I plan on working till I’m 70 or longer.
I worked as a letter carrier in the post office for 20 years. Social security was deducted from my pay check according to my pay stubs. I was also in the air force for 20 years and social security was always deducted.
so... two decent pensions and now ssa.... good for you i guess. i busted my ass all these years and get a meeger ssa payout... but i did save my loose change and got an ira.. pretty decent.. but i never had any company pay for my pension.... it always cost me.....
@kicktree yes, we all have different choices to make as we venture off on our own. I chose the air force after high school. I always like the thought of 50% pay and very reasonable health care for the rest of my life. The post office was a more like able job for me. Many couldn't handle the stress which was often. I'm not rich by any means, but live a comfortable life. I hope that you do too.
Maybe Congress should be on the SAME increase as they give to SS. Would that change anything??? And what happens when Trump eliminates inflation. No more SS increases. Where's my 40% increase this year?
@@annnet6578 He'll increase it. And he'll fix it. I got a 2.5% increase while the Dem's and Rino's wanted 40% for themselves. Have their increase the same as ours.
This increase is for government employees who had a choice to pay in or not. They chose NOT pay in but now they are taking money that they never paid into.
It's BS ! Cost of living went up 17% and i got a measly 2.3 %increase! That's a slap in the face! Plus they increased my taxes on my SS! It ends up that I'm only making $18 more a month for 2025! I can't afford to live in my own now! This is not ok when congress got a huge ass raise! WTH?
IF my sister and I weren't living together and sharing expenses I would be living in my car. My daughter and her family are already packed into their home and I would never ask to live with them and wouldn't if they offered. The best gift you can give yourself and your family is to take care of your health so you don't cost anybody money to take care of you.
I feel u on that one me and my disabled daughter get $50 extra year extra 0nly that's dumb cause she's on my record and food and bills going up like crazy what about us
Worked 33 years contributing to a private pension program . Also I worked before and during this time a second job for 12 years paying SS . Now at 62 my SS benefit should be $744 per month but I am penalized for my private pension by 50% from the WEP . Then when I die my spouse's SS will be reduced because she will receive a percentage of my pension . Its like no extra benefits for working 2 jobs . The government has robbed the SS system through the years .
@@GenX...MCMLXVPeople have already done so--for decades. That is what H.R. 82 does. It abolishes the WEP and GPO. Different legislation had been proposed in the past to fix the flawed formula. It is too complicated to fix. Maybe getting rid of it is a good start. Now they can focus on creating a fairer way of calculating the WEP when they tweak SS in the future.
Exactly. And many people that have paid into pensions lost those when the market crashed in 2008 or you have to trust the company that you have your pension with. Many go bankrupt and lose everything including people's pensions.
I went for years in my retirement not receiving what I should have. I was punished because I ended up working under PERS. I worked probably 15 years under social security and they only gave me a small percentage because I also had PERS. I get a little over $100 a month from SS. It is about time we get what we worked and paid in to.
So the taxpayers that paid into S.S. and receive 1000 dollars a month get their funds reduced to 900? How fair is that? So their taking from Peter to pay Paul? How are the folks that will get a reduction supposed to survive?,A bunch of B.S. law as usual! Reward one group and punish another!
They should be eligible for the social security benefits they contributed to while working in the private sector. They didn't pay into the fund while working for the government and have no right to claim benefits for that period. Career politicians have no right to benefit from the social security fund!
That was what they were trying to fix with the WEP formula in 1983. The problem is that the formula they chose treats all public sector employees as if they get big pensions. Many do not. They had their SS benefits reduced by too much. This formula is complicated and difficult to fix--which is why they scrapped it. A fairer calculation needs to be made.
@@cherfromtn8225 1st, a year of coverage (YOC) is a year in which a Social Security beneficiary has earned enough to contribute significantly to the Social Security Trust Fund. 2nd, WEP only applies to people who receive Social Security benefits based on fewer than 30 YOCs, AND a pension from NON-COVERED work. 3rd, it only affects the 1st of 3 “portion” percentage, from 90% to 40% for 20 or fewer YOCs. It then increases by 5% with each YOC. So 21 YOCs = 45%, 22 YOCs = 50 and so on. So until you max out with 30 YOCs, you do NOT deserve the 90% calculation on your first portion percentage. The 90% calculation was never ever ever designed/created or meant for you.
I am a retired NURSE and I rescent that you mention firefighters,,and police etc. we have taken care everyone but ourselves. I hope that we get a part of the SSA disbursement.
If you don’t have a public service pension, this shouldn’t affect you. My husband is only drawing $300.00 a month from Social Security when his benefits show he should be drawing $875.00 per month. This is discrimination against public service workers…….we paid into the system…..it is our money!
HA! Musk and Ramaswamy are harassing millions of civil servants who work behind the scenes to make sure SSA checks are processed and in accounts each month into quitting-retiring early and leaving the workforce. Federal government employees who reliably pay FICA taxes into the trust fund for decades will cease to contribute. Expect SSA to run out EVEN FASTER. Also expect SEVERE delays in processing times as the agency is already critically understaffed. Careful who you’re jealous of.
DON'T YOU CREEPS EVER GET TIRED OF REPEATING THE SAME LIES EVERY WEEK???? AND NO ONE EVER GETS A PENNY???? FOLKS DO NOT EVEN TRY TO FOLLOW THESE LIES BECAUSE THAT IS ALL THEY DO.
This isn’t increase. This only means that they won’t cut social security benefits and people will receive what they already earned and didn’t received because of WEP/GPO.
If they only raise the income cap from $160k or earned income to $225K of earned income there would be no problem of the trust running out of money. But the Congress and their big money donors don’t want that to happen. The goal of the the incoming Congress is to shovel as much money up to the 1% of the richest people in the country (and their friends) as possible. We will see Trump and the Republicans once again give themselves another TRILLION$$$ tax cut while cutting as much as they can from education, healthcare, environmental programs , the Food and Drug Administration, FEMA, etc.
Well, instead of complaining that we are finally going to get our fair share by getting rid of the WEP/GPO, why don't you demand that the FICA cap gets raised to every single dollar earned and that it isn't capped at $165,000? Get mad at the rich not paying their fair share not at us.
He is describing my husband. He was under the old Civil Service and didnt pay SS. He worked afterward and paid into SS long enough to qualify, he gets about 150$ a month.
He used an average (median) some make more others less but I fully agree that Everyone one should get a hefty increase not only government workers and Billionaires and Millionaires and corporations should pay into it and problem solved 😮
Why don't they ever think about the people who made low wages in the 70's and 80's? People who only made under $7an hour. who couldn't afford to put back for retirement because every penny went to feeding their families. Now they barely get $900 a month and have to pay $180 a month foe medicare. it's not fair.
78 years old, worked and paid into SS since I was probably 14 years old. Started taking SS around 65 years old, now get 41749/mo dropped into my bank account. Never had any "high paying" jobs, either. I think what you get is based largely on how long you have paid into it, and working jobs where the employer takes a portion out for SS is crucial. Just my thoughts!
So many comments show a total misunderstanding of the new bill. For the past 40 years people who paid into both social security and a pension were penalized and their proper social security payments were cut to almost nothing. It was theft. I wasn't allowed to benefit from my hard work, but stay at home wives were able to get 1/2 of their husbands benefits. It was just wrong!
I have come to believe that most people in the country are too dumb to breathe the air on the planet. I wish I did not know this. I would feel more optimistic about the future.
You missed the part that the Some of the people you are talking about Did not payinto SS. The money that was Saposed to be paid into SS was paid to t heir pension instead thus they wold not have gotten any credit for SS. the Problem is that the governments that handled their pensions where Nothing but a pyrimid scam. The cities and towns promised all these pensions but Never actually saved the money to cover those pensions at a later date. In my case I have worked as a Union carpenter for the past 30 years and am looking at a decent pension and SS when it comes time to retire because I have paid into Both.
@@cherfromtn8225why isn’t if fair or a good thing that people that were getting 50% of their Social security are going to get 90% which is how it was before they changed it years ago? These people are responsible for the deficit not US!!
My mom at age 68 is retired and gets $1,074.00/month in SS Retirement benefits. She will not be seeing any increase in her monthly check until the end of 2025 when her cost of living 2.5% adjustment kicks in,... if it kicks in. Fairness Act? Really? Whatever. My mom worked in the private sector her entire time in employment. No government or taxpayer funded jobs. She worked as a waitress, worked in retail, drive 18 wheelers for 12 years as one of a literal handful of women in an otherwise male dominated industry, worked as a dessert cook at a buffet restaurant before her asthma forced her into retirement. And all she has to show for it is a meager $1,074.00/month retirement check. And NO,... she does not qualify for any benefits increase under the SS Fairness Act. She just checked with the local Social Security office. In fact she's likely going to lose her Medicare/Medicaid subsidy and supplemental insurance coverage which means the state of Georgia is going to cancel her plan for Part A and B and will start docking her check for $289.00/month. So instead of her income going up, she's going to get even less monthly benefits and be forced into a 60% or higher co-pay on all of her medications and doctor's visits. Oh and she's also expected to pay a $5,000.00 annual deductible up front before her supplemental insurance coverage covers the remaining balance on her medical bills. She got the notice for that in the mail from the State of Georgia's Department of Health. How is that fair? And effective 55% decrease in her monthly benefits and a $5,000 deductible? On a reduced fixed income? I want to see these wealthy congressmen and women try living on just $785.00/month while paying $435/month rent plus all utilities. Here's what this sounds like to me: Government: "Thanks for wasting your worthless peasant existence in the low wage sector loser,... now hurry up and die!" And at the rate things are going, I have even worse to look forward to when I retire, if I live that long. Enjoy your retirement folks!
That is exactly the way I feel. People that worked their butts off, but didn't make large wages get screwed. Especially the hospitality workers. I am older too and we didn't make high wages back in the 70s and 80s especially if you worked in the restaurants etc. $2.01/hr was our wage. So now we get pennies from Social Security.
Should have prepared for retirement. No one to blame but herself. No one cares, relying solely on the government to take care of you in the future is a huge mistake. Don’t mean to offend you or anyone else on this thread but it’s the truth.
Its only for the people that had a pension! Am on SSDI Retierement. Got my letter yesterday, they gave me 35 more dollars for 2025 that a insult. Food cost so much and our economy is horrible. Am tryed of seeing these vids , of yea the bill passed, so frecken what.! 😢😢😭
A better term would be public sector employees. This includes bus drivers, school secretaries, attendance clerks, janitors, teacher assistants, police dispatchers, maintenance personnel and more. It also includes teachers, police, and firefighters in only 14 or so states. Not all public school personnel get big pensions. Teacher salaries vary widely between states and even between rural and urban areas. Some teachers worked in private jobs for years before they moved to schools. They don't have enough years in the teacher retirement system to get a problem. Yet the WEP formula was arbitrarily chosen 40 years ago to affect EVERY public sector workers who had both SS benefits AND a pension in a state which did not pay into SS. It treated high wage earners with a pension the same as low wage earners. It was a flawed formula that affected poorer people harder. Congress never should have created such a flawed calculation.
i listened to 3 other tax guys who took almost ten minutes each to sort of get to that same answer.. meanwhile... their video titles gave me hope... only to be dashed.... it is all nonsense.
I was forced to start receiving SS payments while I was still working full time for the Navy. And I was getting the full amount. But when I retired and started getting half my normal salary, then SS implemented the WEP and cut my SS payments.
Just to be clear; the teachers, police officers, firefighters, etc. are not “receiving an extra benefit.” They are simply getting what they paid into SS just like everyone else. They are receiving benefits from both their pension and SS because they actually paid into both with their own money.
Now those folks will be getting a higher “replacement rate” than the rest of us, because the bend point calculation is unaware and does not account for their pension contributions. This is still unfair, just the other way around! WEP / GPO should have been fixed, not entirely repealed.
@@willcox4561 I paid Self Employment Tax on every dollar I earned as a 1099 employee during my 30 years I worked as a police officer. That rate is 15.3%. My SS benefit has been reduced by $587 a month.
Every public employee in my state DOES pay into SS and the pension fund. This guy may know what he's talking about, but he didn't explain it very well. Careful of your sources.@@willcox4561
I was a teacher for 35 years, I paid Social Security out of every single paycheck I earned! I don’t understand why some states were not taking FICA out of people’s pay! I also worked summer jobs, and evening and weekend jobs throughout those years and also paid FICA taxes. I was still penalized when I retired and my SS benefit was reduced because I had a pension! I live in NYS!!!
I worked for NYS for 21 years-became disabled and had to wait 2 years for disability and 7 years for my earned pension. I get less than 1700 from SS now Im retired age and only half my pension. They owe me!!!!
If you paid into Social Security on every paycheck, the WEP reduction should NOT apply to you. The WEP calculation was only done on public sector employees who had pensions from school districts who did NOT pay into social security. Are you sure you didn't just pay into Medicare? Many employees pay into Medicare but did not pay into social security (FICA). This makes no sense to me. Only about 14 states have a large majority of teachers who did not pay into social usl security. I thought most NY school districts DID pay in.
@@cherfromtn8225 Of course I’m sure. I can read my Social Security (SS) statements. I taught part-time at a university for almost 2 decades while paying SS taxes and paying into my CalPERS’ pension. I held many higher education, part-time teaching positions and almost all were SS positions except for one that I held for 4 years.
I worked 40 years in the private sector paying into SS. But I also worked for a state government and federal government for 10 year, paying into their system. I do feel I should be able to collect both. I know some of you disagree, but I did earn it.
The solution is: A) A peace deal between Russia and Ukraine. B) Divert the $80 billion to fund Social Security. C) Increase Social Security checks for everyone receiving them. Trump can do this.
See pension charts. If you make minimum then is 50%. If you made little over 40%. If you made large salary then is 25%. I don’t know nobody made $1800. By their formulas we all got more or less equalized.
Because other hard-working Americans didn’t have social security benefits cut by WEP/GPO and they are collecting what they earned. People who were affected earned their benefits as you did but they were screwed over and big chunk of earned social security retirement was taken away because they also had pensions. With that logic anyone who has big fat 401(k) should get cut on social security retirement. This wouldn’t make any sense, right?
@@dudexxx8511 they keep raising the age on when you can withdraw your money from 401k and if the market goes to shit?! You are screwed. It’s gambling, yet we had no choice because companies no longer had traditional plans.
@@waynehawn3947We DO know what we are talking about. This flawed WEP formula applied to ALL public sector employees (who also paid into SS in other jobs). Just in school systems alone there are janitors, attendance clerks, bus drivers, teacher assistants, school secretaries, and more. There are more than teachers, police, and firefighters who work in the public sector. All of these people affected by the WEP also paid into Social Security in private jobs--JUST LIKE YOU DID! They worked in all kinds of jobs. Why would you think they did not work hard?
No they don't get a bigger ss check than everyone else. They are getting what they had paid into SS and will no longer be penalized for also having a pension.
You get the FULL allocated benefit based on your earnings paid into the system. Social Security was not meant to be your sole income. Most people who are now seniors put money in stocks, savings accounts, 401k, or worked not only in the private sector and paid into Social Security but also government employees who paid into a pension fund too. Why are you blaming them for planning for their future while you obviously didn’t? People are entitled to their FULL benefit if they are vested. The Fairness Act corrects a wrong the government created. Who’s fault is it if you didn’t plan for your own future? Look in the mirror and be mad at that person.
I worked in the educational system for more than 37 years. I paid social security all that time. In other words, other retirees during that time I was working, depended on my SS taxes. You don't need to work in the private sector to pay into SS.
The windfall exemption act is equal to the government telling you , " hey you have well funded 401K , so we are going to withhold one dollar for every two dollars you have over your social security check . I think you would be very angry , remember we also paid into our pension and into social socurity . Whydo you deserve to get half of my benefits ? Because of jealousy ? Or just spite ?
I understand the need for the WEP. It was created to make the calculation of SS benefits fairer so that people with large pensions did not look poor to the Social Security Administration--thus receiving a higher percentage of their benefits. Social Security gives lower wage earners a higher percentage of their benefits. A school superintendent looks "poor" on paper if you only look at the little dab of money he made while working in a private job. The problem is that Congress just picked one calculation for the WEP and they applied it to everyone with a non-covered pension. This treated a school bus driver (with a tiny pension) the same as a supervisor (with a big pension.) So there is a reason for a WEP formula . Not just this one.
Why don’t you talk about how much money was reallocated from SSA by congress like 1.7 trillion in 2017? Also, facts like money taken from SSA from every president since 1983?
As a retired firefighter who payed into social security for four years prior to becoming a firefighter , and for 32 years of paying into social security from my 2nd and 3rd part time jobs held during my firefighting career , I thank you for turning my $200.00 a month social security monthly payout into $600 where it should be
2:37 you need to understand this is not a raise period . this is a restoration of our original benefits that we earned period i'm a registered nurse from age 30 i was a nurse however from age 15 till age 30 i was working for social security credits . Also after i became a nurse i worked state county and private hospitals and the private hospitals paying FICA SS taxes. They have stolen $90,000 from me in 24 years. I know a widow who they stole $300,000. A month is closer to $400 more. Also not back pay of 19,000. Closer to $5000 on $90,000 they stole. Raise the cap and pass social security 2100 act not blame people who they were contractly promised one amount then steal from them. Stop justifying CRIMINAL THEFT! If I steal $500 a man nth from Walmart you can't stop me because I can't pay my bills? It's theft. How about you have a million dollars and social security. Do you get a deduction? No. So why steal my pension money? You have more than me.
Manchin did not want the last stimulus check while Europe got monthly checks. Manchin is ok with a trillion for military but zero for citizens Manchin is a liar and afraud. He does not support the social security 2100 act or any fix to social security. He has no plan to fix and improve SS and neither does Cruz. Steal more money to avoid fixing SS not stop stealing?
Cruz and manchin both know lifting or destroying the cap is the fix! Their answer is raising the retirement age. They are enemies of Americans unless you are rich or wealthy.
1st, a year of coverage (YOC) is a year in which a Social Security beneficiary has earned enough to contribute significantly to the Social Security Trust Fund. 2nd, WEP only applies to people who receive Social Security benefits based on fewer than 30 YOCs, AND a pension from NON-COVERED work. 3rd, it only affects the 1st of 3 “portion” percentage, from 90% to 40% for 20 or fewer YOCs. It then increases by 5% with each YOC. So 21 YOCs = 45%, 22 YOCs = 50 and so on. So until you max out with 30 YOCs, you do NOT deserve the 90% calculation on your first portion percentage. The 90% calculation was never ever ever designed/created or meant for you.
I am very confused by all of this. I had a county job, and now receive a pension. I was also taxed for FICA the entire time-30 years. I know I will get SS, but does that mean my amount will be increased or not? Again, I paid into FICA the entire time, and paid into my pension for 10 years. I am just not sure, but I paid in just like everybody else, and I would deserve the same benefit... as far as the "insolvency", how about they try paying back all the money they robbed? OR, another idea-how about they rename SS as Ukraine and illegals fund? bet they will come up with the money for THAT!
If I understand correctly 30 years of paying fica entitles you to full benefits however government will most likely offset your retirement thru them. But now that has all changed. Full everything.
Everyone saying how unfair it is isn’t listening to what happened. I have a job in education as a classified employee. I pay into my pension and I pay into social security. Anyone that didn’t have a pension could have opened your own 401k or individual retirement account to save for retirement. Why should I be penalized and given less than what is owed to me just because I have a pension? Then don’t take out social security from me and I’ll invest it myself. I also have two additional retirement funds that I self-fund both a 457 plan and a Roth IRA. I’m not going to depend on social security being there when I retire. I’m going to sacrifice now to ensure I am able to retire when I can, not work a day longer than I need to, and have the money I need to live.
@@melr6674 yo, @tamic still made sacrifices and saved. Turns out he/she is NOT getting more $ from this bill because he/she paid SS during "gov't" job and will be getting benefits.
I also put in the job 457b, 457b Roth, Roth IRA, brokerage investment account, high yield saving account, a 401k from a previous private sector job. I started my Roth IRA when I was getting paid $18,000 a year working in the private sector in 1997 when the job didn't have a 401k than change job that did have a 401k, than got laid off in 2009 from the private sector and started working for the public sector in 2014.
Giving to one demographic who is struggling doesn't take from you. You are all on the same side. The cap needs to be eliminated and the pay needs to have a substantial raise across the board. Having some nurses and postal service workers get a raise, does not hurt you in any way, and is one step closer to where we need to be.
@@jeffsimon2347 Negative. 1st, a year of coverage (YOC) is a year in which a Social Security beneficiary has earned enough to contribute significantly to the Social Security Trust Fund. 2nd, WEP only applies to people who receive Social Security benefits based on fewer than 30 YOCs, AND a pension from NON-COVERED work. 3rd, it only affects the 1st of 3 “portion” percentage, from 90% to 40% for 20 or fewer YOCs. It then increases by 5% with each YOC. So 21 YOCs = 45%, 22 YOCs = 50 and so on. So until you max out with 30 YOCs, you do NOT deserve the 90% calculation on your first portion percentage. The 90% calculation was never ever ever designed/created or meant for you.
Many of these YT creators are fanning the flames to get clicks. Few people are going to get these big amounts. I hope to get $400 more. My husband might get $500. I can see where the GPO trial might be more because spouses can draw their deceased partner's social security. Due to the GPO, most women got nothing when their husband died.
Good for our public service sector. They deserve it! I would gladly pay a little more tax to fund social security, if it actually went to social security. I'm glad I found your channel. Subscribed!
Public service sector deserves what? Teachers only work a few months a year, with paid vacation days from one year equal to what I received in THRITY! Are you kidding!? Teachers work half a day, when they DO work, and then have weeks upon weeks upon weeks off at a time! So please, tell me exactly WHAT they deserve, AFTER all the time off!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! To compare Teachers to Firemen, Police, and others who actually RISK their lives, is like saying a rock moves as much as a deer over ten years!!!!!!!!!!!!!!!!!!!!!! Okay, that's it for me. I have to go see if I can get a job teaching kids how to take days off and get paid.
@@tedspens BEEP. Wrong. I Personally know over 24 Teachers from the NYC DOE. So yeah....... My assessment is INCREDIBLY accurate. Sorry. I don't mean to prove your statement so quickly incorrect. Please don't dislike those who simply have better intel. Merry Christmas
@@peterj7631 Peter, I don't know what kind of teachers you know but those I know spend most of that "vacation time" catching up on the school curriculum. They spend countless unpaid hours after work every day grading yesterday's homework, planning schedules and even spending their own money, out of pocket, to help make sure their students have the supplies they need, despite their medial salary being barely enough to live on. Those who can find time even hold a second job to make ends meet. They certainly didn't become a teacher for the money. They knew it was a low-paying, stressful, thankless job when the pursued teaching. They chose teaching because they care enough about our students' education to put their own aspirations aside and teach. So yeah, they deserve a break as much as any fireman and policeman. They all chose to serve the greater good.
I wasnt able to get my previous husbands social security even though he worked up to 58 years old and paid into social security, because I got remarried at age 54. Now that i have retired, my ss in 2025 is $734 month and my medicare supplement unsurance $130 out of that. How fair is that when I had a previous spouse who paid in for "us" all his life. There are some rules that really hurt people and benefit the government. I cant even imagine what dollar amount that many years of paying in amounted to that social security kept. Just because I remarried didn't change the fact that he paid in! But im helpless to do a thing about a rule. 😢
So that's another $190 billion dollars my government would have cheated us out of. I and my employers paid 44 Quarters of SS FICA taxes and when I retired, I only received a fraction of what had been promised me.
IT IS NOT ONLY GOVERNMENT WORKERS.... MY DAD WORKED FOR A SCHOOL DISTRICT ALL OF HIS LIFE AND HE ONLY RECEIVED 200.00 A MONTH FROM SOCIAL SECURITY BECAUSE OF HIS PENSION FROM THE SCHOOL SYSTEM SO IT IS NOT JUST GOVERNMENT WORKERS
You’re forgetting to say that for many years the government shorted the people from their social security benefits. In my case 40% reduction. Retroactive since 2024 it’ll be returned back what about 2023, 2022, 2021, 2020………..and so on. What difference does it make if a person decided to work for the government later. For many years they worked and payed to social security and also their employee paid into social security. Because of this reduction many senior citizens continue to work well over their 70s. It’s about time to for the government to do the right thing. Billions go to fund wars, wars that USA has no benefit from them.
I paid into social security almost twenty years before becoming a state licensed educator. And while working as a teacher, I continued paying into social security while working during the summer months when school is out. I paid into FICA.
The WEP does NOT affect you. Your SS benefits were not calculated with any reduction. There are about 14 states which do not pay into the SS system. This reduction only affects about 2.1 million retirees. If some SS employee gave you a WEP reduction, they shouldn't have. Just to clarify. Most teachers lived in states in which the majority of the school systems chose to pay in. People are getting confused and thinking ALL teachers are now getting an increase. It only affects school employees whose SS benefits were reduced by the WEP formula.
It comes with a cost ? What about the money that was paid into social security for over 10 yrs during their employment ? The government paid us at half of the benefit that our coworkers recieved from the same job ! We get penalized because we served our community and worked a second job .
I fall under the WEP but also contributed to social security. I worked in the private sector for 19 years, and worked in the public sector for 21 years. My understanding is those that contributed to Social security while working in private sector and public sector are those that qualify, not the people that never held a private sector job.
Right, if you never paid FICA or not for long enough you don’t receive SS. If you did and you also receive a pension, your SS is reduced. It’s a slippery slope. Next they reduce it if you have an IRA or 401K.
Yep, 1st, a year of coverage (YOC) is a year in which a Social Security beneficiary has earned enough to contribute significantly to the Social Security Trust Fund. 2nd, WEP only applies to people who receive Social Security benefits based on fewer than 30 YOCs, AND a pension from NON-COVERED work. 3rd, it only affects the 1st of 3 “portion” percentage, from 90% to 40% for 20 or fewer YOCs. It then increases by 5% with each YOC. So 21 YOCs = 45%, 22 YOCs = 50 and so on. So until you max out with 30 YOCs, you do NOT deserve the 90% calculation on your first portion percentage. The 90% calculation was never ever ever designed/created or meant for you.
If we could have invested our money instead of paying into SS when a spouse dies the widow or widower would inherit the money. Instead, they lose one income. My husband died at the age of 64....where is his SS?
Social Security brought a substantial number of seniors out of poverty and had a positive effect on a plethora of data points. When you boil your argument down, you are essentially arguing for a Libertarian hell hole. You pay into taxes for a lot of things, not all of which you get back, some of which helps society not be a hellscape on earth.
My late husband paid into SS for more than 40 years, I worked as an educator and receive a pension. I do not receive any survivor benefits. I am glad about the changes, waiting since 2013.
State and government workers only from what I’m seeing… ssdi ssi, ect… We won’t see an increase it’s sad… because I ended up disabled I get a thousand a month… and barely exist… month to month barely..😢
Over a period of 35 years, $270,000 has been CONFISCATED (not paid, not contributed, not a volunteer withholding), I repeat, CONFISCATED from my earnings. I turn 62 in 2027 with every intention to begin getting back what was taken from me. If the government bureaucrats insist on pushing the retirement age out to 70, then something is going to break. I believe that it is not necessary to go into details regarding the spectrum across which breakage will occur.
The way I understand YES if you get a paycheck from the govermrnet you get another gift from the government i.e the taxpayer you and me. Such BS. The Congress and the Executive Branch are so corrupt. Ridiculous.
No it includes teachers, firefighters, police, postal workers mostly affects local and state employs that were penalized by ss BC of having a local state or government pension. The money they will be getting will be money that they contributed to ss but was taken away 40 years ago BC they have a pension they paid into also.
In addition to the teachers, firefighters, and police (in about 14 states in which SS was not paid in), the list also includes many people in lower paying jobs: bus drivers, school secretaries, janitors, teacher assistants, attendance clerks, police dispatchers and more. Remember--many school districts do pay into SS. The WEP reduction only affects people who paid into SS and who ALSO paid into a retirement system in which SS was not withheld. This affects about 3% of retirees (2.1 million people.) It will not affect many people. The WEP formula is complicated and hard to understand. Congress has tried to fix it for years.
Our government truly does not care about about labor (trades) working people. Labor trade unions typically have small pensions, we are lucky to get less than 50 percent of what we would typically make in income in a month for a pension. As opposed to teachers, firefighters, etc. who typically have better pay and larger pensions, who typically get about 80 percent of their working income, at least in California they do, not sure about the other states, but I imagine it is the same elsewhere. These so called government workers, etc. have payed very little, if anything at all into the ss system. This new social security retirement benefit is only beneficial to government workers, and not the average American worker. If anything your ss pension should only reflect what you put into the system. I agree with Ted Cruz, we need equity and fairness and making sure all retirees are taken care of across the board and that is a given. Mr Cruz made a good point, the real issue is solvency. Our government has mishandled social security funds, and is out of control in its spending. The government should focus on taking care of its own American people first, and fixing what is broken in our ss system, and not just for a select group of people. The funny thing is that the government gives billions and billions of dollars for wars, but can't seem to make sure a social security system for our American people is solvent...when you look at the money trail, it ain't coming to we the people, it's going to certain political interests, and certain industries that steal from the American people, and profit from war and death. We need to put pressure on our government to make course correction, to putting our country and its people first so that the ship is running right...then once we are on a good and right course, help other countries when we have the capacity to do so. This is my hope...I said it, and just maybe with that little bit of hope a little flame will rise and ripple across our nation and bring real honest change. 🙏
All Americans on social security need a major boost in their payments.
I am a Vet I got a $9 Dollar increase yay
@@vet137 I get a one dollar increase.
Yes, KaizenEnergyUS, that is true. But, unfortunately, it won't happen. The major "boost" will be in the pockets of millionaires & billionaires, not the average American who counts on their Social Security- that they paid in to for decades - for survival.
@@KaizenEnergyUS Agreed…we could fix social security if stopped giving all the American taxpayers money to Ukraine and welfare for illegal aliens.
@@vet137 Sorry brother…you deserve better!
The SSA 2.5% Cola increase is a slap in the face !!!!
It’s always low like that. You’re lucky you even got 2.5% it’s usually less than a percentage. Yup it sucks but it won’t change.
After taxes and Medicare cost, you get nothing. Enough to pay the government more taxes. That's what it was all about. More money back to the government.
If you think 2.5% is an insult then become a Congressman and vote on your own 40% pay raises. 😅
And Medicare just took 1/2 of the COLA. WE WERE NOTIFIED 12/23/24
I hope TRUMP can fix this travesty! I get less than $1,400 per month!
People who didn't pay into social security should not be allowed to collect any money
They don’t and this law doesn’t change that.
SSi is for people that didnt pay into it, they are handicap!
@@TheBudgetWarrior
Yes it does change it. I receive a pension and until HR82 was passed, I could not collect a spousal benefit. Now I will be able to collect 50% of her benefit after she turns 62 next year.
The government needs to stop giving Illegals Social Security, Medicare and housing vouchers. That might help the short fall.
@@petermaslanik4571
With any luck, Trump will fulfill his promise!
Make no mistake...the gov has the money, but they would rather spend it on others and themselves than it's own people who fund the pot. Just horrible.
You are correct. We live in a wealthy nation. This wealth is primarily generated by working people. It is not created primarily by the so-called "investor class," i.e. the wealthy. It is also not primarily created by the so-called "job creators," i.e. wealthy corporations. Our wealth comes from working people. Republican economic policies (i.e. tax policy, labor policy, government support for public education, etc) have long been rooted in the belief that wealth should be gradually redirected away from working people and moved into the pockets of the wealthy. Things have gotten gradually, but steadily, harder for working people since the early 1980's when Republican ideology started coming back into style with the election of Ronald Reagan. None of this is an accident, and none of it is a misunderstanding. This is deliberate.
I agree
So what have you dems been doing but spending spending and no one stopped Obama/Biden! How much went into all those pickets???😢😢😢😢😮😢😮
No the rich have the money and put our Gov't in $2trillion dollars debt because of trump's lowering taxation on the rich and he plans to renew it this next session. More debt. That's why he wanted the debt ceiling raised again last week. It would have been a 5 Trillion dollar windfall alright.
@@susanlawson4693 the rich make money but don't pay taxes, the middle class pays all the taxes.
The cost?!
Where did the money go from 9/10/2001?
Stop sending more than $190 billion everywhere but to Americans that earned it.
AMEN!!!
I agree!
They hate seniors
Working is...Not what it used to be. More hard work for less pay.😢
It was taken out before that because Clinton Bush and Obama took out of Social Security in the billions
My friend got his notice on Dec 22. He gets a 2.5% increase. Big deal, $85 more per month.
Do you really think that is going to cover the higher cost of groceries?
Expect a whole lot of people making their yards into gardens this summer.
It is a joke. Meanwhile, the members of Congress tried to pass a bill with $70,000 increase in their salaries. Fortunately, Vivek Ramaswami caught it and this raise was eliminated. What a horrible government we have.
no it is not going to help him at all. Mine was only 24 lousy dollars per month. Not at all beneficial to me and what i have to live on each month. What the government is doin for these people who have worked in the private sector makes me sick to my stomach. This is not fair to any of us older people who are not making ends meet. It is so hard to buy anything including paying rent and buying food and paying all the utilities on a small amount of money every month. Where do they get off doing this.
Should be doing it anyway.
That’s absolutely terrible. Prices increased by 85%
Well.he gets iver 2 k a month.@2.5%
The social security benefits should only be for the people that have paid into the fund.
As he stated, that is the case: This is only for those who paid into social security to be able to receive what they earned.
@@eshapiro9585 If they paid into the fund, then wonder where the money they contributed went to. So the rest of us are paying off government theft so that these others can get paid.
it is I know because when my sister passed her kids got 0
I agee with you. Although, sometimes it can have a bad look. Particularly for high ranking government and military officials that get a private sector jig that pays a whole lot of money. When you see a retired general as a lobbyist making gobs of money it can make you mad. I might be wrong but I think the highest amount of money you could make as a general capped at $120K/year. But they could make way more in the next 10+ years working as a lobbyist for a big company. They would have made the personal connections that a private company would be willing to pay a lot of money to get. And they would be paying into SS in this kind of jig. If they paid in for 10 years at the $100K cap then they have indeed paid into the fund and should get their cut.
It's just the fact that they can make a tremendous amount in those last 10 plus years to the point where their SS checks would be trival compared to their acquired wealth. And that burns people up. I know it used to piss me off.
But now that I'm old and SS is an issue for me, I've been trying to piece this together and I think I get it now. They're not double dippers. They just played the game better than me from the start. Now, for the people who are not as high profile as a general becoming a lobbyist, say a school teacher that got paid dirt and was treated like sh!t and retires after 20 to go on to get a jig at, I don't know, let's say as rep in a call center or whatever, for the next ten plus years, paying into the fund, well this could REALLY help them out. Which is weird because I'm not jealous of them at all. And this whole wind fall elimination program signals to this generation that they should considter a life in a shitty government job. Which is cool because we need those people. But for the rest of us, we will only have cost of living adjustments to help. And those COLAs seem to be calculated by someone on a different planet.
It is. SSI is a welfare benefit for those who never paid SSA.
NOBODY I KNOW IS GETTING $1976.00 A MONTH.
Mine is 473 dollars and I don’t think the government is going to give this back I think the fine print will leave most people feeling screwed again
No one I know gets much more than a thousand if lucky !!
How can this guy be talking about INCREASES, WHEN MUSK AND TRUMP ARE TALKING ABOUT TAKING EVERYTHING AND ANYTHING AWAY FROM US? WHERE THE HELL IS HE GETTING HIS INFO FROM?
HIRE SOME HONEST PEOPLE TO FIND OUT "WHERE ALL THE FRAUD IS" HAPPENING, AND GO AFTER THOSE PEOPLE. AND LEAVE THE REST OF US THE HELL ALONE, EXCEPT TO HELP US OUT SO WE DON'T LOSE THE LITTLE THAT WE WORKED SO HARD FOR.
$1340 a mon+h here. $1976 wou!d be a b!essing.
I was a teacher from 30 to 64 years of age and I paid into STRS as did my employer. I work in the private sector from 16 to 30 years of age and paid into social security. During my teaching years I tutored students after school and for the twelve weeks of summer (yes, it use to be 12 weeks) break. I paid into social security yearly on my taxes for self employment. The Windfall elimination is criminal! I don’t even get enough to pay for Medicare.
Were is your teachers pension? They always had a union.
If they didn't pay into SS, they should not get SS. End of story.
END OF STORY!!!!!!
My spouse has paid into social security and has worked her later career for the state university. She would not get a dime of her social security or spousal benefit from mine because of the WEP and GPO rules. Meanwhile a coworkers wife has never worked and can get half of his benefit as a spousal benefit...This is not fair to those who have worked their life with lower paying government jobs and get nothing if a spouse passes... Its about time they repeal this as it has never been fair for public employees.
@ Sone of the law makes sense, but they used too broad of a stroke to remedy.
But we did pay into SS. Thanks to the Congress, it has been made right. Thank you Jesus. ❤
@@lindapulido3925 Exactly!!!
need to treat everyone fairly not just cops, firefighters
Exactly not the people that already get pensions and higher ss already
@winterborn126 what about a non government person!!!
Some people in this group get to retire at 55, plus many are over paid. In one county in South Carolina, dept heads earn $250k a year. The media's hype of "everything for the heros" needs to stop.
@winterborn126 How would you feel if you worked your whole working life and earned a pension but still had to pay into social security? Wouldn't you want your fair share of what you paid into it? Just because you also earned a pension doesn't mean you shouldn't be entitled to your fair share of what you paid into social security. People need to start planning for their retirement the first day of the first job they ever get. Don't wait until you're in your forties or fifties to start thinking about retirement. So many people today retire and have nothing but social security to fall back on and even worse they retire and are still in debt with mortgages and car payments and credit cards, etc. Whatever income you retire with the most important thing is to be debt free.
Ahh even with a pension they took our money for social security since I was 13 so yes it’s my money. Not our fault you want to punish the people that work 30-40 years and also get a pension.
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Key point is if you work for the government you come out better than us laborers who paid in all of our working life .
No you don’t, not anyone that I know.
Some of those people were plumbers, electricians, cooks, office workers, etc. They worked for years paying FICA taxes, and then got a county, city, state, or federal job doing the same kind of work. Some of them are veterans, and they paid social security taxes while serving, like during the Viet Nam war. When they got the government exempt job, they no longer paid social security taxes but paid into some government pension fund. Many, when they retired, got small government pensions, but their social security was reduced or by WEP. Often the combined social security and government was not enough to survive. GPO takes a surviving spouse' social security survivor pension away if that person, usually a woman, had some small paying job like being a cook at a public school, or a teacher's helper. Those people were reduced to just a few hundred dollars a month to live on for everything. Some got jobs at fast food places or convenience stores just to survive. Often well into their 80s, many of them are laborers, who now are elderly and still trying desperately to eat and have a roof over their heads. Do you want that? Nobody does. This helps some, but social security needs to be fixed. These politicians talk about the problem, b ut they never seem to do anything to fix the issues.
I worked 30 years in school district . 25 years in social security. My retirement is 2083 and 475 SS. I only have money for 2 weeks out of the month, then go without the rest of the month and hope that nothing comes up. Only administration made money in school districts, not teachers and classified. Custodial and TA made less than 15 per hour.
@@johndonohoe9807I like Senator Manchin, but frankly, there have been several legislative efforts to fix WEP, and it is so complicated, it just can't be done.
I think Congress just sick of it and scrapped the whole thing.
For decades they underpaid many people, and now they will be overpaying some. Congress had YEARS to fix this problem. It was the Democrats in the House who refused to even pass it on the Senate last time.
Maybe they can actually create a fair WEP formula when they overhaul SS--which is going to happen.
Until then, I am just thinking these extra funds are back pay for the decades of funds that were withheld unfairly.
@@deborahsherer1710Many people don't realize that pensions are often not huge amounts. Living on $24,000 a year is at poverty level. Texas is one of the states affected by WEP. Their retirement system rarely gives COLAs.
Until a recent COLA (which gave older retirees 6%), some people got $1,000 a month in pensions.
In this country, you can't live on that.
What a crock of shit.
Agree!
We got FuKk Again
Only the Government workers are given more money…
FuKk Me
yeah it sound bs
Why?
U CAN SAY THAT AGAIN ......
What happens to the money paid in by the deceased? Which Congress person is absorbing that? Crooks
We paid into social security and are receiving only what we paid into.
Congress can keep their hands off social security and stop borrowing from it. They can pay back what they took from it with interest too.
Please quit presenting this argument to Americans that you are giving us something we don’t deserve. You were trusted to care for this fund and you stole from it.
@@catherinefoote2043 they hate seniors and they hope we don't even get one check before were unalive
If your pension was EXEMPT from SS contributions then you are EXEMPT from SS benefits, until you contribute your FAIR share
Right on pay it back with interest
@@sportingclaybuster Yet those who benefit from this bill DON'T deserve it, AND it is financially irresponsible to deduct this cost, without first replacing it.,......n then some. Raise the CAP
They are doing the same with USPS.
If the government will pay back the money that they owe social security that they borrowed would be an a lot better shape
LBJ started this "delete" the social security by taking from the funds to pay for a war. Reagan took from it again? That's why we are in short fall. Pay back the money with interest and we could get decent COLA increases.
Just get the Government out of the SS business. Let the people invest the money and not have to worry about how the Government doesn't do it. Government CAN'T invest anything. What do they invest it in?
Absofreakenlutely!!
@@tixximmi1 HELLLL NO! That's a one way ticket to losing your Social Security. Please for the love of god, educate yourself on Social Security. This isn't a cash cow for industry, it's for retirees and the elderly.
@@tixximmi1 Taking right wing takes from the very same people who have advocated to eliminate social security is absolutely wild.
I’m a retired teacher. I paid into SS and have 40 quarters. The repeal of WEP is long time over due!
The $65 billion given to Ukraine 8 weeks ago could have built 400 new 300 unit apartment units for the disabled and elderly in every state in the USA. Their 25% rent from their SS would maintain and manage the properties a give 5.9 million seniors housing over the next 25 years.
$1,000,000,000 conversion is $274,000/day for 10 years. Let that soak in.
Our economic hardships are not due to international aid programs. Our hardships are also not caused by poor people. Our financial struggles are caused by Republican economic policies. Republican policy calls for the national wealth to be redirected away from working people. Trump has announced plans for even more tax cuts for the wealthy, which will jack up our national deficit even more, and won't benefit working people (who create the national wealth) one bit. Republicans are extremely good at deceiving the voters.
@@grumpy1962RThat's the high end. In rural, southern, midwest areas you could build 204,000 units instead of the 120,000 mentioned above. You can add to that it is a productive investment, it frees up housing for younger people, has a social payback on numerous levels; medically, homelessness, and other increased costs. Let that soak in.
And create construction jobs.
Yes, I heard Anderson Cooper press Lindsey Graham about that on CNN the other night. And if you believe that, then you ALSO believe that the multimillionaires on FOX's THE FIVE would ever mention that.
Disabled Americans in poverty should have been helped 1st!!!!!!
Never going to happen in our lifetime.
I agree with you I'm a disabled person this government owes we the disabled people the most money.
Except that if we've been disabled our entire lives, we didn't actually pay FICA taxes. We're collecting what others paid in and, also, we have Medicaid so we don't have Medicare deducted or the 20% copay for medical. The people that worked and paid into the system their entire adult life definitely should be able to collect their benefits when they're retired.
@@bunch_o_racket Ummm...I worked until I was 50 before I became disabled. So where's my extra money?
Over half of social security disability receivers are just lazy and moochers
Social Security will be around but there are major changes coming. There will be reductions in benefits and increases in the retirement age. Furthermore there will be a Means Test clause coming in the near future. Which means, if you have retirement assets above a certain level you will not receive social security or a very reduced benefit. I am certainly not counting on Social Security for my retirement.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
I completely agree; I am in my mid 40s, approaching retirement, and have approximately over 2million dollars in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.
This is exactly how i wish to get my finances coordinated ahead of retirement. Can you recommend the financial advisor you used to get ahead?
Her name is Annette Christine Conte can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
They never help the ones who worked for 50 to 60 years paying in social security. Government employees can retire in 20 years.
If your jealous of what you think government employees earn in benefits you should have worked for the government. As it is, those government employees who make sure your check arrives each month are about to walk out and when your bank is empty, no government employee will answer the phone, respond to your letters or be in the office for you to visit 👍
Thats BS..I paid in to my Gov. Retirement $190.00 every 2 weeks for 30 years
I worked in the private sector for 15 years and the SS I paid in and qualify
for $1600.00 in Benefits but am reduced to $250.00 per month.
They should give back pay for what was stolen from me.
@@butterflygirl3359 Fred is not jealous! He is angry that gov employees are treated better than most Americans. He did not know this when he chose his direction in life! He wasn't looking for a cushy, easy office job, as you chose. Also, a pause in gov doesn't pause social security deposits. You ought to know that, smartaxx!
All Federal Gov't employees pay FICA tax. This bill was for local and state employees that paid no FICA on their gov't jobs.
@you out in left field for sure , oh goverment employees like postal workers making 50 dollars a hour. Or how bout EPA workers making 45 per hour plus all the overtime they want.
Social Security is short 4 trillion dollars because former President Clinton and Former President Bush use 2 trillion each from the Social Security. Clinton used it to balance the budget and Bush used it to fund the war in Irag.
Reagan admin took social security a d never paid it back!
AMEN TO THAT 👍 🙏 😢
It went back to Reagan and Bush one also was Carter!
Both parties are guilty of raiding the Social Security Trust Fund…… without out paying any of the money back.
Sorry Senator, it was the Greed of our Government from the bottom up! Villages, Townships, Cities,Counties, States, and mostly the Federal Government! I served one 4 year term on our local Board of Education and man was that an eye opener. The harder it is to verify, the more difficult it is to prove. Some officials in my State of Ohio were in bed with people connected to one of our major electricity producers! The influence of Lobbyists help with the corruption problems!
And for those asking, yes I paid into SSN for 20 years
Same ! 👍
They need to raise the income cap to fund SS. Why didn't they vote on that?
BINGO. NO CAP AT ALL. EVEN TRILLIONAIRES PAY INTO IT. EVERYONE. AND STOP BORROWING FROM IT, TOO.
That would be the ideal solution but notice how the presenter , Cruz and Manchin didn’t even mention it because they have NO INTENTION of saving Social Security. The Republican plan is to starve it, let it die and then take it over by privatizing it. It’s in their Project 2025.
as someone who pays the absolute maximum for over a decade (times 2 because my spouse also makes over the maximum)....I completely disagree with you. And "they" have dramatically increased the cap. If only you had made better choices in your career to make such an asinine statement.
2022 147,000
2023 160,200
2024 168,600
2025 176,100
www.ssa.gov/oact/cola/cbb.html
Repeal SS tax now and give my family our 20K per year back. I can manage it better than the government.
Because they work for the rich and powerful and not us…..
Because almost everyone in Congress is a millionaire and 90% of their campaign contributions come from other millionaires and their corporations.
When you said Government I knew it wouldn’t be good for most people.
I worked for over 32 years from state of California and I chose to contribute to social security. I also now work part time for the federal job and also contribute social security. I have over 40 years of credit.
I am a Public school teacher and just retired. Paid into SS for 30 years. I think I will collect SS earlier than I originally planned. The SS funds will be completely drained by 2038.
If you calculate how much they NOT paying for those extra 5 years of work. Then divide to “extra” amount they promising. Will be extra interesting only after you turn 79.
We all should retire in 62. Don’t make them full you
Stop with the clickbait titles. It's misleading to most of us as it applies to a small percentage of beneficiaries.
2.8 to 3 million will receive the adjustment.
@@ladikmk govt. workers only it seems.
This is great news. I paid in to Social Security as a civilian before I was a firefighter and paid in after I retired. When I worked in the private sector insecurity we deserve what we paid in whether we have a separate pension.🤙🏼👨🏻🚒
Small or not, it's unfair to benefit those who did NOT contribute their FAIR share
@@edwardprince3458 If your pension was EXEMPT from SS contributions then you are EXEMPT from SS benefits, until you contribute your FAIR share
How come welfare isn’t running out of money ?
Because it's not considered capitalism for now...
Because it buys a lot of votes for The Party, with our confiscated earnings.
That is a very good question I’ve never heard before!
How come the masters of war aren't running out of money?
It buys votes.
I worked a public job with a pension and we paid social security taxes too so I don’t think I had any worries. Unfortunately I had to start drawing the pension when I turned 55 due to my lack of a good job st the time so I’m only going to get about $1,000 a month from it for life but now I’m gainfully employed again so I take that pension money and reinvest it till I officially retire. I’m 62 now and I plan on working till I’m 70 or longer.
I worked as a letter carrier in the post office for 20 years. Social security was deducted from my pay check according to my pay stubs. I was also in the air force for 20 years and social security was always deducted.
@@mauriceracicot6010 so you already got a double dip. Huh
@@jazziez6467 This is a free country dude. You can dip all you want.
so... two decent pensions and now ssa.... good for you i guess. i busted my ass all these years and get a meeger ssa payout... but i did save my loose change and got an ira.. pretty decent.. but i never had any company pay for my pension.... it always cost me.....
@kicktree yes, we all have different choices to make as we venture off on our own. I chose the air force after high school. I always like the thought of 50% pay and very reasonable health care for the rest of my life. The post office was a more like able job for me. Many couldn't handle the stress which was often. I'm not rich by any means, but live a comfortable life. I hope that you do too.
WEP or GPO doesn't apply to you. Those government pensions that people worked for, they did NOT pay SS tax, so that income is not counted.
That is BS just 2.5% but congress receive salary increase 40% .what a joke
except this is not true ... you should do a few seconds of research before making false posts, its not that hard
@GenX...MCMLXV my friend got the letter from Social security, he. will receive starting next month $30 more
Maybe Congress should be on the SAME increase as they give to SS. Would that change anything??? And what happens when Trump eliminates inflation. No more SS increases. Where's my 40% increase this year?
@@tixximmi1 trump said he never lower ssc.for sure
@@annnet6578 He'll increase it. And he'll fix it. I got a 2.5% increase while the Dem's and Rino's wanted 40% for themselves. Have their increase the same as ours.
This increase is for government employees who had a choice to pay in or not. They chose NOT pay in but now they are taking money that they never paid into.
They always took out for medicare. No option.
It's BS ! Cost of living went up 17% and i got a measly 2.3 %increase! That's a slap in the face! Plus they increased my taxes on my SS! It ends up that I'm only making $18 more a month for 2025! I can't afford to live in my own now! This is not ok when congress got a huge ass raise! WTH?
IF my sister and I weren't living together and sharing expenses I would be living in my car. My daughter and her family are already packed into their home and I would never ask to live with them and wouldn't if they offered. The best gift you can give yourself and your family is to take care of your health so you don't cost anybody money to take care of you.
I feel u on that one me and my disabled daughter get $50 extra year extra 0nly that's dumb cause she's on my record and food and bills going up like crazy what about us
My ss went up $5.00 a month because ss said they made a mistake previously smh
Congress didn't get any raise. Zip nada - and they shouldn't vote on their own raises anyhow. That should be up to the voters.
At least your's went you. Mine went down because the increase didn't cover the insurance increase.
I'd be happy if I got the $1.976 a month I don't know anyone getting that.
😂
I taught in VA 30 years and paid SS. I also began work at 16 and paid SS until I started teaching in 1978. So I paid into SS for almost 40 years.
It’s anything but fair.
They’re going to get 90% of their contributions, but the rest of us are going to only get 30-50% 😭
I would be happy with any decent increase.
@@geterdonegranny1639amen I’m with you!!
They took 40% of my SS that I worked for 20 years. That hurts financially when you are retired and a senior citizen.
Only gov employees. The rest get zero
You are already receiving your 90% so why do you think that is ok for government to screw over other people?
Worked 33 years contributing to a private pension program . Also I worked before and during this time a second job for 12 years paying SS . Now at 62 my SS benefit should be $744 per month but I am penalized for my private pension by 50% from the WEP . Then when I die my spouse's SS will be reduced because she will receive a percentage of my pension . Its like no extra benefits for working 2 jobs . The government has robbed the SS system through the years .
They fill their pockets with our money and every time they want they vote to race their year salary like they want this year.
call your congressman start a change -- bring awareness
@@GenX...MCMLXVPeople have already done so--for decades. That is what H.R. 82 does. It abolishes the WEP and GPO.
Different legislation had been proposed in the past to fix the flawed formula. It is too complicated to fix.
Maybe getting rid of it is a good start. Now they can focus on creating a fairer way of calculating the WEP when they tweak SS in the future.
That is totally unfair . I hope you get what you deserve and your wife too!
Exactly. And many people that have paid into pensions lost those when the market crashed in 2008 or you have to trust the company that you have your pension with. Many go bankrupt and lose everything including people's pensions.
What about all the years I worked for the post office that doesn’t count towards my pension?
The fairness act is not fair!
I went for years in my retirement not receiving what I should have. I was punished because I ended up working under PERS. I worked probably 15 years under social security and they only gave me a small percentage because I also had PERS. I get a little over $100 a month from SS. It is about time we get what we worked and paid in to.
You can say that again!
So right!!!
So the taxpayers that paid into S.S. and receive 1000 dollars a month get their funds reduced to 900? How fair is that? So their taking from Peter to pay Paul? How are the folks that will get a reduction supposed to survive?,A bunch of B.S. law as usual! Reward one group and punish another!
always take the opposite meaning of any govt. program or bill or act title.... it is them rubbing our noses in it.
They should be eligible for the social security benefits they contributed to while working in the private sector. They didn't pay into the fund while working for the government and have no right to claim benefits for that period. Career politicians have no right to benefit from the social security fund!
That was what they were trying to fix with the WEP formula in 1983. The problem is that the formula they chose treats all public sector employees as if they get big pensions. Many do not. They had their SS benefits reduced by too much.
This formula is complicated and difficult to fix--which is why they scrapped it.
A fairer calculation needs to be made.
@@cherfromtn8225 the fix is completely fair.
@@cherfromtn8225 1st, a year of coverage (YOC) is a year in which a Social Security beneficiary has earned enough to contribute significantly to the Social Security Trust Fund. 2nd, WEP only applies to people who receive Social Security benefits based on fewer than 30 YOCs, AND a pension from NON-COVERED work. 3rd, it only affects the 1st of 3 “portion” percentage, from 90% to 40% for 20 or fewer YOCs.
It then increases by 5% with each YOC. So 21 YOCs = 45%, 22 YOCs = 50 and so on. So until you max out with 30 YOCs, you do NOT deserve the 90% calculation on your first portion percentage. The 90% calculation was never ever ever designed/created or meant for you.
I am a retired NURSE and I rescent that you mention firefighters,,and police etc. we have taken care everyone but ourselves. I hope that we get a part of the SSA disbursement.
If you don’t have a public service pension, this shouldn’t affect you. My husband is only drawing $300.00 a month from Social Security when his benefits show he should be drawing $875.00 per month. This is discrimination against public service workers…….we paid into the system…..it is our money!
Nice for them to get a big fat ss increase. Sucks for the rest of us to look forward to a 20% decrease when the trust fund gets depleted.
HA! Musk and Ramaswamy are harassing millions of civil servants who work behind the scenes to make sure SSA checks are processed and in accounts each month into quitting-retiring early and leaving the workforce. Federal government employees who reliably pay FICA taxes into the trust fund for decades will cease to contribute. Expect SSA to run out EVEN FASTER. Also expect SEVERE delays in processing times as the agency is already critically understaffed. Careful who you’re jealous of.
DON'T YOU CREEPS EVER GET TIRED OF REPEATING THE SAME LIES EVERY WEEK???? AND NO ONE EVER GETS A PENNY???? FOLKS DO NOT EVEN TRY TO FOLLOW THESE LIES BECAUSE THAT IS ALL THEY DO.
This isn’t increase. This only means that they won’t cut social security benefits and people will receive what they already earned and didn’t received because of WEP/GPO.
If they only raise the income cap from $160k or earned income to $225K of earned income there would be no problem of the trust running out of money. But the Congress and their big money donors don’t want that to happen. The goal of the the incoming Congress is to shovel as much money up to the 1% of the richest people in the country (and their friends) as possible. We will see Trump and the Republicans once again give themselves another TRILLION$$$ tax cut while cutting as much as they can from education, healthcare, environmental programs , the Food and Drug Administration, FEMA, etc.
Well, instead of complaining that we are finally going to get our fair share by getting rid of the WEP/GPO, why don't you demand that the FICA cap gets raised to every single dollar earned and that it isn't capped at $165,000? Get mad at the rich not paying their fair share not at us.
They gave themselves a 40 percent raise! So screw them!!!!!!
No they didn’t get their raise. It was taken out of the bill they finally passed. Th@nk God for that.
It wasn’t a raise. It was a COLA but it was taken out of the bill.
Actually they got a 3.8% not a 40% of approximately 6,000 a year.
He is describing my husband. He was under the old Civil Service and didnt pay SS. He worked afterward and paid into SS long enough to qualify, he gets about 150$ a month.
Who gets 1, 976 most of us retiry get under 1,000😢
The REAL average is $1,783.55.
He used an average (median) some make more others less but I fully agree that Everyone one should get a hefty increase not only government workers and Billionaires and Millionaires and corporations should pay into it and problem solved 😮
An RN who worked all the overtime they guilted us into working, so patient care wouldn’t suffer. That’s one, only ones I know about.
I get.... $1514.00 a month....
761.00 p/m ss, rent is 1535.00. Yeah I'm F*cked
Why don't they ever think about the people who made low wages in the 70's and 80's? People who only made under $7an hour. who couldn't afford to put back for retirement because every penny went to feeding their families. Now they barely get $900 a month and have to pay $180 a month foe medicare. it's not fair.
that's too bad but it's another issue entirely.
78 years old, worked and paid into SS since I was probably 14 years old. Started taking SS around 65 years old, now get 41749/mo dropped into my bank account. Never had any "high paying" jobs, either. I think what you get is based largely on how long you have paid into it, and working jobs where the employer takes a portion out for SS is crucial. Just my thoughts!
So many comments show a total misunderstanding of the new bill. For the past 40 years people who paid into both social security and a pension were penalized and their proper social security payments were cut to almost nothing. It was theft. I wasn't allowed to benefit from my hard work, but stay at home wives were able to get 1/2 of their husbands benefits. It was just wrong!
I have come to believe that most people in the country are too dumb to breathe the air on the planet.
I wish I did not know this. I would feel more optimistic about the future.
You missed the part that the Some of the people you are talking about Did not payinto SS. The money that was Saposed to be paid into SS was paid to t heir pension instead thus they wold not have gotten any credit for SS. the Problem is that the governments that handled their pensions where Nothing but a pyrimid scam. The cities and towns promised all these pensions but Never actually saved the money to cover those pensions at a later date. In my case I have worked as a Union carpenter for the past 30 years and am looking at a decent pension and SS when it comes time to retire because I have paid into Both.
@@cherfromtn8225 It is difficult to realize and all you can do is live your best life..
@@cherfromtn8225why isn’t if fair or a good thing that people that were getting 50% of their Social security are going to get 90% which is how it was before they changed it years ago? These people are responsible for the deficit not US!!
What about people who paid in all their lives like my grandparents who died in their 60's...?? No check was cut to my family I'm aware of.
My mom at age 68 is retired and gets $1,074.00/month in SS Retirement benefits. She will not be seeing any increase in her monthly check until the end of 2025 when her cost of living 2.5% adjustment kicks in,... if it kicks in.
Fairness Act? Really?
Whatever. My mom worked in the private sector her entire time in employment. No government or taxpayer funded jobs. She worked as a waitress, worked in retail, drive 18 wheelers for 12 years as one of a literal handful of women in an otherwise male dominated industry, worked as a dessert cook at a buffet restaurant before her asthma forced her into retirement. And all she has to show for it is a meager $1,074.00/month retirement check.
And NO,... she does not qualify for any benefits increase under the SS Fairness Act. She just checked with the local Social Security office. In fact she's likely going to lose her Medicare/Medicaid subsidy and supplemental insurance coverage which means the state of Georgia is going to cancel her plan for Part A and B and will start docking her check for $289.00/month. So instead of her income going up, she's going to get even less monthly benefits and be forced into a 60% or higher co-pay on all of her medications and doctor's visits. Oh and she's also expected to pay a $5,000.00 annual deductible up front before her supplemental insurance coverage covers the remaining balance on her medical bills.
She got the notice for that in the mail from the State of Georgia's Department of Health.
How is that fair? And effective 55% decrease in her monthly benefits and a $5,000 deductible? On a reduced fixed income? I want to see these wealthy congressmen and women try living on just $785.00/month while paying $435/month rent plus all utilities.
Here's what this sounds like to me:
Government: "Thanks for wasting your worthless peasant existence in the low wage sector loser,... now hurry up and die!"
And at the rate things are going, I have even worse to look forward to when I retire, if I live that long.
Enjoy your retirement folks!
Can your mom also qualify for SSI?Check with SS Administration to see if she can get additional money. Cant hurt to look into it.
That is exactly the way I feel. People that worked their butts off, but didn't make large wages get screwed. Especially the hospitality workers. I am older too and we didn't make high wages back in the 70s and 80s especially if you worked in the restaurants etc. $2.01/hr was our wage. So now we get pennies from Social Security.
Should have prepared for retirement. No one to blame but herself. No one cares, relying solely on the government to take care of you in the future is a huge mistake. Don’t mean to offend you or anyone else on this thread but it’s the truth.
@@lj6376 How do you prepare? I paid into my 401K for nearly just over 30 years and have less than $100,000 to retire on.
@@pamelacassise9069whose fault is that? Didn't you make the decision to work those jobs?
Explained better than anyone Ive heard yet!
Its only for the people that had a pension! Am on SSDI Retierement. Got my letter yesterday, they gave me 35 more dollars for 2025 that a insult. Food cost so much and our economy is horrible. Am tryed of seeing these vids , of yea the bill passed, so frecken what.! 😢😢😭
yes ,they are joking with us
Hearing NOTHING Would have been better
I'm tired of it to I have trouble buying groceries for the whole month ,gas ,tissue paper ,there's no extras!!!
Not increase of benefits for people that had pension. Simply not cutting their benefits. Big difference.
SO WHAT 😮 😢
This only helps government employees. Thank you for getting straight to the point. 🏆
A better term would be public sector employees. This includes bus drivers, school secretaries, attendance clerks, janitors, teacher assistants, police dispatchers, maintenance personnel and more.
It also includes teachers, police, and firefighters in only 14 or so states.
Not all public school personnel get big pensions. Teacher salaries vary widely between states and even between rural and urban areas. Some teachers worked in private jobs for years before they moved to schools. They don't have enough years in the teacher retirement system to get a problem.
Yet the WEP formula was arbitrarily chosen 40 years ago to affect EVERY public sector workers who had both SS benefits AND a pension in a state which did not pay into SS. It treated high wage earners with a pension the same as low wage earners.
It was a flawed formula that affected poorer people harder.
Congress never should have created such a flawed calculation.
What that means is the people in Congress that don't do their jobs are getting paid for nothing. For doing nothing
Left military veterans out again
i listened to 3 other tax guys who took almost ten minutes each to sort of get to that same answer.. meanwhile... their video titles gave me hope... only to be dashed.... it is all nonsense.
@kicktree that's why I subbed.
I was forced to start receiving SS payments while I was still working full time for the Navy. And I was getting the full amount. But when I retired and started getting half my normal salary, then SS implemented the WEP and cut my SS payments.
The average is not $1,976.00
Thats right Pam
You're right Pam ... IT'S NOT ... If's Hundreds Less ! HUNDREDS
@@larrylong9367 it's only about $200 less🙄
It's 1437.00
@ you're wrong. I just googled it. It's 1783 per month as of August 2024.
Just to be clear; the teachers, police officers, firefighters, etc. are not “receiving an extra benefit.” They are simply getting what they paid into SS just like everyone else. They are receiving benefits from both their pension and SS because they actually paid into both with their own money.
Now those folks will be getting a higher “replacement rate” than the rest of us, because the bend point calculation is unaware and does not account for their pension contributions. This is still unfair, just the other way around! WEP / GPO should have been fixed, not entirely repealed.
You didn't listen. They did NOT pay into SS while they worked in the public sector.
@@willcox4561 I paid Self Employment Tax on every dollar I earned as a 1099 employee during my 30 years I worked as a police officer. That rate is 15.3%. My SS benefit has been reduced by $587 a month.
Just to be clear most of the money paid into those large government pensions was by other taxpayers... very unfair.
Every public employee in my state DOES pay into SS and the pension fund. This guy may know what he's talking about, but he didn't explain it very well. Careful of your sources.@@willcox4561
Thank you for this calyable information. I look forward to updates.
I was a teacher for 35 years, I paid Social Security out of every single paycheck I earned! I don’t understand why some states were not taking FICA out of people’s pay! I also worked summer jobs, and evening and weekend jobs throughout those years and also paid FICA taxes. I was still penalized when I retired and my SS benefit was reduced because I had a pension! I live in NYS!!!
People don't realize that WEP/GOP were put in to place to take away SS $ from hard-working Americans. Finally, we have just with the repeal.
I worked for NYS for 21 years-became disabled and had to wait 2 years for disability and 7 years for my earned pension. I get less than 1700 from SS now Im retired age and only half my pension. They owe me!!!!
IT FIGURES 😮 😢
If you paid into Social Security on every paycheck, the WEP reduction should NOT apply to you. The WEP calculation was only done on public sector employees who had pensions from school districts who did NOT pay into social security.
Are you sure you didn't just pay into Medicare? Many employees pay into Medicare but did not pay into social security (FICA).
This makes no sense to me. Only about 14 states have a large majority of teachers who did not pay into social usl security. I thought most NY school districts DID pay in.
@@cherfromtn8225 Of course I’m sure. I can read my Social Security (SS) statements. I taught part-time at a university for almost 2 decades while paying SS taxes and paying into my CalPERS’ pension. I held many higher education, part-time teaching positions and almost all were SS positions except for one that I held for 4 years.
They are trying to destroy it.
Musk and Ramaswamy want to send the funds to Wall street Bankers and renew the rich people's tax cuts next year.
I worked 40 years in the private sector paying into SS. But I also worked for a state government and federal government for 10 year, paying into their system. I do feel I should be able to collect both. I know some of you disagree, but I did earn it.
The solution is: A) A peace deal between Russia and Ukraine. B) Divert the $80 billion to fund Social Security. C) Increase Social Security checks for everyone receiving them. Trump can do this.
Scrap the Cap on FICA tax. Its only going to be $178,100 next year. We need no cap!Tax the rich.
Stop Giving Our Money To Foreign Countries, Then We Would Have Retirement Money For SS
Let's hold the wealthy accountable and ensure they contribute their fair share. It's time to tax the rich and create a more equitable society.
If they paid into social securitu for the requisite number of quarters they should receive benefits
See pension charts. If you make minimum then is 50%. If you made little over 40%. If you made large salary then is 25%. I don’t know nobody made $1800. By their formulas we all got more or less equalized.
I'm so tired of this crap about social security! You can believe it will not apply to honest hard-working Americans!
Because other hard-working Americans didn’t have social security benefits cut by WEP/GPO and they are collecting what they earned. People who were affected earned their benefits as you did but they were screwed over and big chunk of earned social security retirement was taken away because they also had pensions.
With that logic anyone who has big fat 401(k) should get cut on social security retirement. This wouldn’t make any sense, right?
You don't know what you are talking about.
@ This coming from someone who doesn’t know what they are talking about!
@@dudexxx8511 they keep raising the age on when you can withdraw your money from 401k and if the market goes to shit?! You are screwed. It’s gambling, yet we had no choice because companies no longer had traditional plans.
@@waynehawn3947We DO know what we are talking about. This flawed WEP formula applied to ALL public sector employees (who also paid into SS in other jobs). Just in school systems alone there are janitors, attendance clerks, bus drivers, teacher assistants, school secretaries, and more. There are more than teachers, police, and firefighters who work in the public sector.
All of these people affected by the WEP also paid into Social Security in private jobs--JUST LIKE YOU DID!
They worked in all kinds of jobs. Why would you think they did not work hard?
The billions given to Israel to buy weapons could have helped many of us
EXACTLY!
Israel? ! What about the 150 Billion the kook that lives on Pennsylvania Ave has given to his Ukraine buddies. That’s the real crime.
I worked in education and paid into a pension and social security while I was teaching I also work in the private sector at the same time.
They get their pension still and a bigger social security check than everyone else? What about non government workers?
We have been supporting the social security funds for the last 40 years. This is not a raise.
No they don't get a bigger ss check than everyone else. They are getting what they had paid into SS and will no longer be penalized for also having a pension.
we are out of luck
@@johnymc7139 we don't matter damn bit
You get the FULL allocated benefit based on your earnings paid into the system. Social Security was not meant to be your sole income. Most people who are now seniors put money in stocks, savings accounts, 401k, or worked not only in the private sector and paid into Social Security but also government employees who paid into a pension fund too. Why are you blaming them for planning for their future while you obviously didn’t? People are entitled to their FULL benefit if they are vested. The Fairness Act corrects a wrong the government created. Who’s fault is it if you didn’t plan for your own future? Look in the mirror and be mad at that person.
Did Congress really try to put a 40% pay raise for themselves in the budget?
No. It was a 4% pay raise.
No. 3.8% was what they asked for, and it was even approved in this year-end Bill.
Yes
Of course. They get an unbelievable raise every year, and the vast amount of them don't deserve a penny
I worked in the educational system for more than 37 years. I paid social security all that time. In other words, other retirees during that time I was working, depended on my SS taxes. You don't need to work in the private sector to pay into SS.
The windfall exemption act is equal to the government telling you , " hey you have well funded 401K , so we are going to withhold one dollar for every two dollars you have over your social security check . I think you would be very angry , remember we also paid into our pension and into social socurity . Whydo you deserve to get half of my benefits ? Because of jealousy ? Or just spite ?
Bingo! People hear or read only what they want to. Its got to be the green eye monster clouding their judgement.
I understand the need for the WEP. It was created to make the calculation of SS benefits fairer so that people with large pensions did not look poor to the Social Security Administration--thus receiving a higher percentage of their benefits.
Social Security gives lower wage earners a higher percentage of their benefits. A school superintendent looks "poor" on paper if you only look at the little dab of money he made while working in a private job.
The problem is that Congress just picked one calculation for the WEP and they applied it to everyone with a non-covered pension. This treated a school bus driver (with a tiny pension) the same as a supervisor (with a big pension.)
So there is a reason for a WEP formula . Not just this one.
@@cherfromtn8225 Exactly. Just raise the CAP to 5 million and both funds are secure
Why don’t you talk about how much money was reallocated from SSA by congress like 1.7 trillion in 2017? Also, facts like money taken from SSA from every president since 1983?
As a retired firefighter who payed into social security for four years prior to becoming a firefighter , and for 32 years of paying into social security from my 2nd and 3rd part time jobs held during my firefighting career , I thank you for turning my $200.00 a month social security monthly payout into $600 where it should be
2:37 you need to understand this is not a raise period . this is a restoration of our original benefits that we earned period i'm a registered nurse from age 30 i was a nurse however from age 15 till age 30 i was working for social security credits . Also after i became a nurse i worked state county and private hospitals and the private hospitals paying FICA SS taxes. They have stolen $90,000 from me in 24 years. I know a widow who they stole $300,000. A month is closer to $400 more. Also not back pay of 19,000. Closer to $5000 on $90,000 they stole. Raise the cap and pass social security 2100 act not blame people who they were contractly promised one amount then steal from them. Stop justifying CRIMINAL THEFT! If I steal $500 a man nth from Walmart you can't stop me because I can't pay my bills? It's theft. How about you have a million dollars and social security. Do you get a deduction? No. So why steal my pension money? You have more than me.
Manchin did not want the last stimulus check while Europe got monthly checks. Manchin is ok with a trillion for military but zero for citizens
Manchin is a liar and afraud. He does not support the social security 2100 act or any fix to social security. He has no plan to fix and improve SS and neither does Cruz. Steal more money to avoid fixing SS not stop stealing?
Cruz and manchin both know lifting or destroying the cap is the fix! Their answer is raising the retirement age. They are enemies of Americans unless you are rich or wealthy.
YES! FINALLY! RAISE THE CAP!
1st, a year of coverage (YOC) is a year in which a Social Security beneficiary has earned enough to contribute significantly to the Social Security Trust Fund. 2nd, WEP only applies to people who receive Social Security benefits based on fewer than 30 YOCs, AND a pension from NON-COVERED work. 3rd, it only affects the 1st of 3 “portion” percentage, from 90% to 40% for 20 or fewer YOCs.
It then increases by 5% with each YOC. So 21 YOCs = 45%, 22 YOCs = 50 and so on. So until you max out with 30 YOCs, you do NOT deserve the 90% calculation on your first portion percentage. The 90% calculation was never ever ever designed/created or meant for you.
@zynxmynx69 sorry I disagree. Reagan was president when wep passed but demwits voted for it too not just repugnuts.
I am very confused by all of this. I had a county job, and now receive a pension. I was also taxed for FICA the entire time-30 years. I know I will get SS, but does that mean my amount will be increased or not? Again, I paid into FICA the entire time, and paid into my pension for 10 years. I am just not sure, but I paid in just like everybody else, and I would deserve the same benefit... as far as the "insolvency", how about they try paying back all the money they robbed? OR, another idea-how about they rename SS as Ukraine and illegals fund? bet they will come up with the money for THAT!
If I understand correctly 30 years of paying fica entitles you to full benefits however government will most likely offset your retirement thru them. But now that has all changed. Full everything.
Why do we have trillions to spend around the world in other countries but our elderly gets short shafted by BOTH SIDES?
I worked in the the education field and yes I PAID FICA-and other taxes
Thank you for really breaking this info down.God bless you!💯
Everyone saying how unfair it is isn’t listening to what happened. I have a job in education as a classified employee. I pay into my pension and I pay into social security. Anyone that didn’t have a pension could have opened your own 401k or individual retirement account to save for retirement. Why should I be penalized and given less than what is owed to me just because I have a pension? Then don’t take out social security from me and I’ll invest it myself. I also have two additional retirement funds that I self-fund both a 457 plan and a Roth IRA. I’m not going to depend on social security being there when I retire. I’m going to sacrifice now to ensure I am able to retire when I can, not work a day longer than I need to, and have the money I need to live.
Tons of people were pais thru their lives, but that doesnt mean they had enough money to unvest in retirement accounts .. count yourself fortunare!
@@melr6674 yo, @tamic still made sacrifices and saved. Turns out he/she is NOT getting more $ from this bill because he/she paid SS during "gov't" job and will be getting benefits.
I also put in the job 457b, 457b Roth, Roth IRA, brokerage investment account, high yield saving account, a 401k from a previous private sector job.
I started my Roth IRA when I was getting paid $18,000 a year working in the private sector in 1997 when the job didn't have a 401k than change job that did have a 401k, than got laid off in 2009 from the private sector and started working for the public sector in 2014.
I'm thrilled this was changed.....but it's not an "even playing field" as you mentioned, until all SS benefits are not taxed.
It’s only for government workers…
The private sector gets Zero…
Why weren’t we all in the same SSI
No Special Government Retirement
Giving to one demographic who is struggling doesn't take from you. You are all on the same side. The cap needs to be eliminated and the pay needs to have a substantial raise across the board. Having some nurses and postal service workers get a raise, does not hurt you in any way, and is one step closer to where we need to be.
@@ThreaT650 you are right except it is not a "raise." It is earned $ that was denied to these people!!!
@@jeffsimon2347 Negative. 1st, a year of coverage (YOC) is a year in which a Social Security beneficiary has earned enough to contribute significantly to the Social Security Trust Fund. 2nd, WEP only applies to people who receive Social Security benefits based on fewer than 30 YOCs, AND a pension from NON-COVERED work. 3rd, it only affects the 1st of 3 “portion” percentage, from 90% to 40% for 20 or fewer YOCs.
It then increases by 5% with each YOC. So 21 YOCs = 45%, 22 YOCs = 50 and so on. So until you max out with 30 YOCs, you do NOT deserve the 90% calculation on your first portion percentage. The 90% calculation was never ever ever designed/created or meant for you.
This is deceiving! I am only getting 478 ss I will be getting 959, my other pension is only $1600 a month
You probably one getting that increase
Many of these YT creators are fanning the flames to get clicks. Few people are going to get these big amounts. I hope to get $400 more. My husband might get $500.
I can see where the GPO trial might be more because spouses can draw their deceased partner's social security. Due to the GPO, most women got nothing when their husband died.
I worked for state government, they deducted 6.2% for social security and 5% for state pension. So how does this work for us?
Good for our public service sector. They deserve it! I would gladly pay a little more tax to fund social security, if it actually went to social security. I'm glad I found your channel. Subscribed!
Public service sector deserves what? Teachers only work a few months a year, with paid vacation days from one year equal to what I received in THRITY! Are you kidding!? Teachers work half a day, when they DO work, and then have weeks upon weeks upon weeks off at a time! So please, tell me exactly WHAT they deserve, AFTER all the time off!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! To compare Teachers to Firemen, Police, and others who actually RISK their lives, is like saying a rock moves as much as a deer over ten years!!!!!!!!!!!!!!!!!!!!!! Okay, that's it for me. I have to go see if I can get a job teaching kids how to take days off and get paid.
@@peterj7631 Wow, you clearly don't know many teachers.
@@tedspens BEEP. Wrong. I Personally know over 24 Teachers from the NYC DOE. So yeah....... My assessment is INCREDIBLY accurate. Sorry. I don't mean to prove your statement so quickly incorrect. Please don't dislike those who simply have better intel. Merry Christmas
@@peterj7631 Peter, I don't know what kind of teachers you know but those I know spend most of that "vacation time" catching up on the school curriculum. They spend countless unpaid hours after work every day grading yesterday's homework, planning schedules and even spending their own money, out of pocket, to help make sure their students have the supplies they need, despite their medial salary being barely enough to live on. Those who can find time even hold a second job to make ends meet. They certainly didn't become a teacher for the money. They knew it was a low-paying, stressful, thankless job when the pursued teaching. They chose teaching because they care enough about our students' education to put their own aspirations aside and teach. So yeah, they deserve a break as much as any fireman and policeman. They all chose to serve the greater good.
I wasnt able to get my previous husbands social security even though he worked up to 58 years old and paid into social security, because I got remarried at age 54. Now that i have retired, my ss in 2025 is $734 month and my medicare supplement unsurance $130 out of that. How fair is that when I had a previous spouse who paid in for "us" all his life. There are some rules that really hurt people and benefit the government. I cant even imagine what dollar amount that many years of paying in amounted to that social security kept. Just because I remarried didn't change the fact that he paid in! But im helpless to do a thing about a rule. 😢
So not normal people that figures
What’s not normal about police officers, firefighters and TEACHERS
So that's another $190 billion dollars my government would have cheated us out of. I and my employers paid 44 Quarters of SS FICA taxes and when I retired, I only received a fraction of what had been promised me.
IT IS NOT ONLY GOVERNMENT WORKERS....
MY DAD WORKED FOR A SCHOOL DISTRICT ALL OF HIS LIFE
AND HE ONLY RECEIVED 200.00 A MONTH FROM SOCIAL SECURITY BECAUSE
OF HIS PENSION FROM THE SCHOOL SYSTEM
SO
IT IS NOT
JUST GOVERNMENT WORKERS
This applies to many school teachers because they were employed by the state goverment. You may not think of that as a goverment job but it really is.
You’re forgetting to say that for many years the government shorted the people from their social security benefits. In my case 40% reduction. Retroactive since 2024 it’ll be returned back what about 2023, 2022, 2021, 2020………..and so on. What difference does it make if a person decided to work for the government later. For many years they worked and payed to social security and also their employee paid into social security. Because of this reduction many senior citizens continue to work well over their 70s. It’s about time to for the government to do the right thing. Billions go to fund wars, wars that USA has no benefit from them.
I paid into social security almost twenty years before becoming a state licensed educator. And while working as a teacher, I continued paying into social security while working during the summer months when school is out. I paid into FICA.
Didn’t we all
People are really stupid. Most cannot grasp any of this.
We all pay into fica and Medicare and all employers match that amount and pay in the same amount as their employees!
The WEP does NOT affect you. Your SS benefits were not calculated with any reduction.
There are about 14 states which do not pay into the SS system. This reduction only affects about 2.1 million retirees.
If some SS employee gave you a WEP reduction, they shouldn't have. Just to clarify. Most teachers lived in states in which the majority of the school systems chose to pay in.
People are getting confused and thinking ALL teachers are now getting an increase. It only affects school employees whose SS benefits were reduced by the WEP formula.
Best explaination Sir.God bless you.🙏🏻🙏🏻🙏🏻🙏🏻
It comes with a cost ? What about the money that was paid into social security for over 10 yrs during their employment ? The government paid us at half of the benefit that our coworkers recieved from the same job ! We get penalized because we served our community and worked a second job .
I fall under the WEP but also contributed to social security. I worked in the private sector for 19 years, and worked in the public sector for 21 years. My understanding is those that contributed to Social security while working in private sector and public sector are those that qualify, not the people that never held a private sector job.
Right, if you never paid FICA or not for long enough you don’t receive SS. If you did and you also receive a pension, your SS is reduced. It’s a slippery slope. Next they reduce it if you have an IRA or 401K.
Please stop this headline. If you don’t have a GPO, none of this applies to you. And if you don’t know what a GPO is, your not getting anything.
Yep, 1st, a year of coverage (YOC) is a year in which a Social Security beneficiary has earned enough to contribute significantly to the Social Security Trust Fund. 2nd, WEP only applies to people who receive Social Security benefits based on fewer than 30 YOCs, AND a pension from NON-COVERED work. 3rd, it only affects the 1st of 3 “portion” percentage, from 90% to 40% for 20 or fewer YOCs.
It then increases by 5% with each YOC. So 21 YOCs = 45%, 22 YOCs = 50 and so on. So until you max out with 30 YOCs, you do NOT deserve the 90% calculation on your first portion percentage. The 90% calculation was never ever ever designed/created or meant for you.
If we could have invested our money instead of paying into SS when a spouse dies the widow or widower would inherit the money. Instead, they lose one income. My husband died at the age of 64....where is his SS?
Social Security brought a substantial number of seniors out of poverty and had a positive effect on a plethora of data points. When you boil your argument down, you are essentially arguing for a Libertarian hell hole. You pay into taxes for a lot of things, not all of which you get back, some of which helps society not be a hellscape on earth.
My late husband paid into SS for more than 40 years, I worked as an educator and receive a pension. I do not receive any survivor benefits. I am glad about the changes, waiting since 2013.
How does this effect Retired Veterans with a pension?
State and government workers only from what I’m seeing… ssdi ssi, ect…
We won’t see an increase it’s sad… because I ended up disabled I get a thousand a month… and barely exist… month to month barely..😢
Over a period of 35 years, $270,000 has been CONFISCATED (not paid, not contributed, not a volunteer withholding), I repeat, CONFISCATED from my earnings. I turn 62 in 2027 with every intention to begin getting back what was taken from me. If the government bureaucrats insist on pushing the retirement age out to 70, then something is going to break. I believe that it is not necessary to go into details regarding the spectrum across which breakage will occur.
Lane, are you talking solely about FEDERAL government workers?
The way I understand YES if you get a paycheck from the govermrnet you get another gift from the government i.e the taxpayer you and me. Such BS. The Congress and the Executive Branch are so corrupt. Ridiculous.
Apparently So.
No it includes teachers, firefighters, police, postal workers mostly affects local and state employs that were penalized by ss BC of having a local state or government pension. The money they will be getting will be money that they contributed to ss but was taken away 40 years ago BC they have a pension they paid into also.
In addition to the teachers, firefighters, and police (in about 14 states in which SS was not paid in), the list also includes many people in lower paying jobs: bus drivers, school secretaries, janitors, teacher assistants, attendance clerks, police dispatchers and more.
Remember--many school districts do pay into SS. The WEP reduction only affects people who paid into SS and who ALSO paid into a retirement system in which SS was not withheld. This affects about 3% of retirees (2.1 million people.)
It will not affect many people.
The WEP formula is complicated and hard to understand. Congress has tried to fix it for years.
Our government truly does not care about about labor (trades) working people. Labor trade unions typically have small pensions, we are lucky to get less than 50 percent of what we would typically make in income in a month for a pension. As opposed to teachers, firefighters, etc. who typically have better pay and larger pensions, who typically get about 80 percent of their working income, at least in California they do, not sure about the other states, but I imagine it is the same elsewhere. These so called government workers, etc. have payed very little, if anything at all into the ss system. This new social security retirement benefit is only beneficial to government workers, and not the average American worker. If anything your ss pension should only reflect what you put into the system.
I agree with Ted Cruz, we need equity and fairness and making sure all retirees are taken care of across the board and that is a given. Mr Cruz made a good point, the real issue is solvency. Our government has mishandled social security funds, and is out of control in its spending. The government should focus on taking care of its own American people first, and fixing what is broken in our ss system, and not just for a select group of people. The funny thing is that the government gives billions and billions of dollars for wars, but can't seem to make sure a social security system for our American people is solvent...when you look at the money trail, it ain't coming to we the people, it's going to certain political interests, and certain industries that steal from the American people, and profit from war and death. We need to put pressure on our government to make course correction, to putting our country and its people first so that the ship is running right...then once we are on a good and right course, help other countries when we have the capacity to do so. This is my hope...I said it, and just maybe with that little bit of hope a little flame will rise and ripple across our nation and bring real honest change. 🙏