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Author: julieone One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19893  
Subject: Re: Social Security Off-Set Date: 4/26/2000 2:48 PM
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<<Why do people who have not paid their fair share into social security think that they should get something? Most of us are forced to pay into the system. >>

Wish it were that simple. Most people who get a government pension pay in to that govt system. It is not voluntary, they are "forced" to. Most government systems required payment that for many years FAR exceeded the amount employees paid into SS per year. I've been paying in excess of 7% per year for over 23 years. Check the SS FICA rates for the last 23 years and you'll see they are less. These people can't "save and invest her share of SS payment". It's all going in to the govt pension fund. Yes, the pension is better than just SS (and I'll have worked a lot of years for that pension). However, most people who get SS also get something from their employer if they work there any length of time (i.e. pension, lump-sum, 401K matching, stock options, etc.). Government employees not covered under SS get only their pension. No 401K matching, no lump-sum payouts, no stock options, no SS.

In my situation, I won't get any SS ever. My spouse will get a very small SS check (probably $300-400 per month). He has no other retirement vehicle except for a small 401K rollover from a prior employer. He is eligible for NOTHING on my pension (unless I die) and I get NOTHING on his SS just because of my pension. Even though he worked and paid in a "fair share" to SS (I also worked and paid into SS prior to working for the government), doesn't matter. I get zilch, nothing, nada. Even when he dies, I will get nothing. All because of a government pension.

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