If the House and Senate had to be on SS the same as the rest of us and under the same rules & deductions AND were to have their exhorbitant pensions reduced in accordance with the policies as the rest of us hard-working people, they would both be fixed with NO fanfare. How do they get to set their own policies on pay, automatic raises, and pensions - then take ours away from us.
Patricia Loomisof NV3:31PM February 15, 2013
What about eliminating fraud! See it everyday, people collecting disability social security and working as well; Social Security Admin. even promotes this benefit.
David Elswickof VA11:52AM February 15, 2013
Wait just a minute. Cut benefits to those already receiving them!!!!! DON'T THINK SO!! Those receiving the "benefits" are getting little enough as it is. Why not just totally do away with the current ceiling limit for taxing for OASDI? Ooops. Silly me. I forgot that that would mean that the rich would still be continuing to help those less fortunate than them. Can't let that happen, now can we? Promise, I will give myself 50 lashes with a wet noodle for even thinking that the rich could contribute more to OASDI.
Since there are a lot fewer people actively in the work force than there were just a few years ago, why not raise the OASDI deduction a little? Current workers may protest. But, they hopefully will appreciate the increase when it comes time for them to retire or start collecting disability.
Becky Beckof WY5:30PM December 24, 2012
July 20th is almost here, and if you're a General Motors retiree you know that means your pension plan decision time is almost up. You've likely heard there are risks involved, but are you aware of what those risks are? It's been recommended since the June 1 announcement that you seek the advice of an experienced financial planner while making your pension plan decision. If you've yet to act on that, don't worry – there is still time. This video was created to help retirees better understand the pension plan choices: http://youtu.be/32ZRne7AoTQ. Face July 20th with confidence; let a financial planner help you make the right pension choice.
Paul DeBiasiof DE4:09AM July 11, 2012
As you may have heard, General Motors announced its plan to reduce their pension liability by an anticipated 26 billion dollars. This plan, first announced on June 1, will provide some U.S. retirees a continued monthly payment of their pension and other, salaried, retirees a lump-sum payment. When making this decision, it will be important to understand the consequences and benefits of both choices. Consulting a knowledgeable financial advisor is recommended. The deadline for your decision is July 20, 2012. Visit http://www.gm-pension-buyout.com for more information, including a free white paper, to help navigate this choice on the General Motors (NYSE:GM) Pension Buyout.
simon ackerof AL11:04AM June 27, 2012
J Dawg, you obviously have not checked your facts. All new hires in the Fed Government since about 1984 pay Social Security. Those that are under the old CSRS retirement do not pay into it nor do they qualify to receive it unless they have earned their 40 quarters in the private sector, just like everyone else, and if we have earned these quarters and are eligible to collect SS we only receive a very small fraction of what you would receive earning the same amount. They don't draw any money from social security therefore they don't hurt it or help it. So please check your facts before making untrue statements.
A Beckof GA2:08PM May 10, 2012
One solution to ALL the problems ... that would take the rug out from under these croneys ... it would be like a "Chenga" game . it's a referendom called "JAIL4JUDGES.ORG"
J Dawgof MI10:39AM May 10, 2012
Hey Rob ... the people of this country can't come together on anything .. this referendom would be wonderful .. but te power would covince the people (sheep) that it is a terrible idea.
J Dawgof MI10:36AM May 10, 2012
... why don't the good people in Washington talk about the $1.4 TRILLION dollars stolen from the "TRUST" by the good people we have elected to protect this. Should the benefit end date be extended fo another 95 yrs because they are going to pay it back? 99.9% od ALL goverment employees DO NOT contribute to SS .. and that number represents 1/3 of the working people ....
J Dawgof MI10:32AM May 10, 2012
Question. I am 40, have been contributing since I was 16 years old. Reading many articles such as this suggests Social Security will be exhausted before I retire, thus my life long contributions will not benefit my retirement. How can I apply to get my 24 years of contributions back and pay no contributions going forward?
Reader Comments
Back to blog
Patricia Loomis of NV 3:31PM February 15, 2013
David Elswick of VA 11:52AM February 15, 2013
Becky Beck of WY 5:30PM December 24, 2012
Paul DeBiasi of DE 4:09AM July 11, 2012
simon acker of AL 11:04AM June 27, 2012
A Beck of GA 2:08PM May 10, 2012
J Dawg of MI 10:39AM May 10, 2012
J Dawg of MI 10:36AM May 10, 2012
J Dawg of MI 10:32AM May 10, 2012
Hunter of MD 11:16AM April 30, 2012