UnThreaded | Threaded | Whole Thread (150) | Ignore Thread Prev | Next
Author: 2old4bs Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 807563  
Subject: Re: OT: On Fixing Social Security Date: 6/23/2004 5:17 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I believe the British state pension system already has this limitation in place... only the first wife can collect on the husband's pension record. Not subsequent ones.

If that's how the British system works, then it's not quite fair--suppose the first marriage only lasted 1 year, and the 2nd 20 years? IMHO, in that scenario, the 20 year wife should take priority over the first wife. I believe here in the U.S. ANY spouse of more than 10 years can collect 50% of the other spouse's benefit. So, if a person were to marry 5 times, and each marriage lasted 11 years, 5 spouses could collect a total of 250% of the original benefit. This is not completely inplausible, given an adult life span of 70-75 years. It seems to me that it's another one of those out-dated 'rules' that doesn't make much sense anymore--perhaps the minimum marriage length should be extended to 20 years (and screw the outraged wives/husbands).

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (150) | Ignore Thread Prev | Next


Post of the Day:
Saul's Investing Discussions

Skyworks Mid-Quarter Review
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.