These people are no longer
paying into Social Security and retirement plans; they're drawing from them.
I don't think we should be forced to
pay into Social Security at all.
This reduced the take - home pay for all those that
pay into the Social Security system.
If you work for a religious organization that doesn't
pay into the Social Security program, you must pay Social Security taxes if your earnings are more than $ 100 per year.
Before 1984, people who worked for nonprofit, religious, charitable or educational organizations did not
pay into Social Security unless they specifically chose to take part in the program.
Anyone who
pays into Social Security for at least 40 calendar quarters (10 years) is eligible for retirement benefits based on their earnings record.
When
you pay into the Social Security fund, you aren't depositing your money into a governmental savings account.
Some pensions — including those for many government employees, teachers and railroad employees — don't
pay into Social Security.
Still, what
you pay into Social Security isn't what you get out.
Many of us have worked and
paid into the Social Security system... some of us more than you have.
Whereas 3.2 persons» payroll taxes now support each elderly pensioner, the decline in the birthrate ensures that for every pensioner only three or perhaps two persons will be
paying into Social Security in the years when today's workers arrive at the age to collect their pensions.
These benefits are offered to disabled children whose parents
paid into Social Security throughout their careers.
Mayor Bloomberg is proposing to replace JTPs with WEP workers, which would force people on public assistance to work for their benefits without a pay check, without
paying into social security, no union membership, and no qualifying for earned income tax credit.
Illinois teachers also don't
pay into Social Security, which further penalizes teachers, but that's another issue.
CSRS annuitants are eligible for Social Security only if they worked a minimum of 40 quarters, 10 years of employment, where
they paid into the Social Security system.
Employees pay into the system their entire federal and private sector careers unlike CSRS employees that don't
pay into the Social Security system.
If you work for a religious organization that doesn't
pay into the Social Security program, you must pay Social Security taxes if your earnings are more than $ 100 per year.
Before 1984, people who worked for nonprofit, religious, charitable or educational organizations did not
pay into Social Security unless they specifically chose to take part in the program.
The amount of the WEP benefit reduction depends on the year you turn 62 (eligibility year) and the number of years in which you had «substantial earnings» and
paid into Social Security, with the maximum reduction potentially applying for those who paid Social Security taxes for 20 years or less (see table).
Federal workers hired after December 31, 1983, are generally not affected by either provision because
they paid into Social Security.
When
you pay into Social Security, the money is not set aside in a separate account, as with a 401 (k) or IRA.
The actual amount of money does depend on some factors, including the earnings of the person who died and how much
they paid into Social Security.
Those that are currently
paying into Social Security are claiming it's unfair that they pay, but will never see a return or will see a smaller percentage of their return.
Although this benefit is available to all who
pay into the Social Security system, you have to qualify in order to receive payments.
Still, what
you pay into Social Security isn't what you get out.
When
you pay into the Social Security fund, you aren't depositing your money into a governmental savings account.
During the Depression, significantly more people were
paying into Social Security than there were people receiving benefits.
CSRS employees do not contribute to Social Security and they must work a minimum of 40 quarters, 10 years, in a job where
they paid into the Social Security system to collect a benefit on their work history.
That worries me because I've been
paying into Social Security since I was 15, and saving for retirement for more than 25 years.
If your loved one has
paid into Social Security for a minimum of 40 quarters, or roughly 13 and a half years, there are two types of Social Security final expense benefits that may be available to you.
If they have a fake social security number (many do),
they pay into Social Security and Medicare and pay income tax, but they will receive no benefits when they retire.
Not exact matches
They would go
into retirement with only their
Social Security to support them, and a mortgage that is far from
paid off.
For instance, we can (and assuredly will) radically change
social security benefits to future retirees and stop limiting the income level at which taxes are
paid into the system.
You started saving early to take advantage of the power of compounding, maxed out your 401 (k) and individual retirement account (IRA) contributions every year, made smart investments, squirreled away money
into additional savings,
paid down debt and figured out how to maximize your
Social Security benefits.
Most employees
pay 7.65 percent of their income
into the
Social Security system, the combined rate for both
Social Security (representing 6.2 percent) and Medicare (1.45 percent).
Keep in mind that this income increase may push you
into a higher tax bracket and may impact the taxes you
pay for your
Social Security or Medicare.
I already have
paid the maximum dollars
into Social Security and Medicare for more than 40 years, and now still
pay into both, in addition
pay an extra Medicare premium in addition to the normal premium.
I'm a 44 year old Republican that has
paid into Medicare and
Social Security since 1984.
When I retire in another 27 years I don't think it would be wrong for me to sign up for Medicare and
Social Security after
paying into it for 53 years.
The people drawing
Social Security paid into the system.
At least they work, Do you know a stay - at home KEPT women that never
paid a penny
into Social Security gets to collect half the amount of what her husband collects and the husband did not
pay a penny more than the single man that made the same amoount of money.
It really sucks to open up that
Social Security statement, and look how much I have earned and
paid taxes on since I was 15 years old and through my military years and
into the private sector.
If you are 55 or under and hope to enjoy some of those benefits you have been
paying into from your paychecks for the last 30 years, of which the Government has borrowed 5 trillion dollars for other spending such as defense and tax breaks for the rich, which is why the current
social security system is in jeopardy, then you will be voting for Obama.
Her «free money» was accepting the
social security payments she earned by
paying into the system for decades.
Did they strip the civil liberties of all of us who get a
social security check.Thsnk «God «they forced me to
pay into it.Medicare?
When someone who is deemed disabled has
paid into the system and has worked enough quarters, he / she receives SSDI (
Social Security Disability), not SSI.
Consider that the «sweeping» of all those excess regressive payroll taxes people have been
paying since 1983 to «Save
Social Security»
into the federal general fund is the biggest sweep of all.
Representatives of infamous Financial Engineer Alfred Agbesi Woyome who is currently dragged before the Supreme Court to explain why he has still not
paid the GHc51.2 million he illegally took from the government of Ghana have pitched camp at the precincts of the
Social Security and National Insurance Trust (SSNIT) brandishing some documents demanding that the Trust forks out a whopping $ 6billion representing its 24 % shares in the phantom Green Township which has metamorphosed
into a Special Economic Zone project (SEZ).
If an individual
pays $ 3,700 per year
into the
Social Security trust fund but simultaneously draws a net $ 25,000 per year (benefits minus taxes) out of general government revenue, the solvency of government has not improved.
The Basic Skills Test will help us attack the root causes of worklessness and prevent more people falling
into long term unemployment, or «low -
pay - no -
pay» cycles, that build up more costs to our
social security system and undermine the strength of our economy.