Comments on: The Social Security Administration’s Windfall Elimination Provision http://genxfinance.com/2008/10/30/the-social-security-administration%e2%80%99s-windfall-elimination-provision/ Helping a unique generation achieve financial independence. Sat, 20 Mar 2010 15:15:15 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: marie m http://genxfinance.com/2008/10/30/the-social-security-administration%e2%80%99s-windfall-elimination-provision/#comment-128102 marie m Thu, 04 Mar 2010 04:26:56 +0000 http://genxfinance.com/2008/10/30/the-social-security-administration%e2%80%99s-windfall-elimination-provision/#comment-128102 If aperson pays into SS why should they be penalized because they also worked a job that had a private pension fund, The money that a person paid into SS should not be denied!!!!!!!!!!!!!!!! it is theirs!!!!!!! Please some one out there please reintroduce the elimination of this unfair practice !!!!!!!! If aperson pays into SS why should they be penalized because they also worked a job that had a private pension fund, The money that a person paid into SS should not be denied!!!!!!!!!!!!!!!! it is theirs!!!!!!! Please some one out there please reintroduce the elimination of this unfair practice !!!!!!!!

]]> By: Robert Benson http://genxfinance.com/2008/10/30/the-social-security-administration%e2%80%99s-windfall-elimination-provision/#comment-127638 Robert Benson Thu, 25 Feb 2010 22:19:41 +0000 http://genxfinance.com/2008/10/30/the-social-security-administration%e2%80%99s-windfall-elimination-provision/#comment-127638 Dave H., it is not as bad as it seems. The 90% vs. 40% does not - repeat NOT - refer to your whole earned benefit. It refers to just the first tier, with the second and third tiers unaffected. A good explanation, and a good calculator, are at my web site: fedbens.us (click #8 on the menu). Dave H., it is not as bad as it seems. The 90% vs. 40% does not – repeat NOT – refer to your whole earned benefit. It refers to just the first tier, with the second and third tiers unaffected.

A good explanation, and a good calculator, are at my web site: fedbens.us (click #8 on the menu).

]]> By: Dave H http://genxfinance.com/2008/10/30/the-social-security-administration%e2%80%99s-windfall-elimination-provision/#comment-127637 Dave H Thu, 25 Feb 2010 21:59:31 +0000 http://genxfinance.com/2008/10/30/the-social-security-administration%e2%80%99s-windfall-elimination-provision/#comment-127637 I've paid into SS for over 20 years, both before and after working in a government non-SS taxed career. At 20 years, twice the required time for SS qualification/vesting, I can draw a whopping 40% of my earned benefit. If I work for 30 years, THREE TIMES the required minimum for benefits, I still can only max out at 90% of my earned, I say EARNED, beneft. The clarification in CAPS is for you boneheads out there who still don't get the part where the "guvment" TOOK my SS money and kept it, returning 40% of a benefit I PAID for. It was a clar case of robbing form a small body of people, relatively speaking, and spending it where "they" wanted. Why should they care? too few votes to matter......that is why this country was based on a Republic, not a Democracy. Whne 6 out of 10 people vote to steal form the minority 4..........get my drift? I’ve paid into SS for over 20 years, both before and after working in a government non-SS taxed career. At 20 years, twice the required time for SS qualification/vesting, I can draw a whopping 40% of my earned benefit. If I work for 30 years, THREE TIMES the required minimum for benefits, I still can only max out at 90% of my earned, I say EARNED, beneft. The clarification in CAPS is for you boneheads out there who still don’t get the part where the “guvment” TOOK my SS money and kept it, returning 40% of a benefit I PAID for. It was a clar case of robbing form a small body of people, relatively speaking, and spending it where “they” wanted. Why should they care? too few votes to matter……that is why this country was based on a Republic, not a Democracy. Whne 6 out of 10 people vote to steal form the minority 4……….get my drift?

]]> By: hkchildress@sbcglobal.net http://genxfinance.com/2008/10/30/the-social-security-administration%e2%80%99s-windfall-elimination-provision/#comment-124463 hkchildress@sbcglobal.net Mon, 18 Jan 2010 22:48:49 +0000 http://genxfinance.com/2008/10/30/the-social-security-administration%e2%80%99s-windfall-elimination-provision/#comment-124463 "pays to live green" said "GovEmployee" makes a good point that they are not actually paying into social security so why would you receive the full benefits? But they both neglected (either un-intentionally or on purpose)to mention that most of the people complaining are those who paid into the Social Security System for 10 to 15 years! They are receiving only 40% of the benefit they paid for! Everyone likes to forget that Social Security is supplemental payment, not a retirement. It was always intended that a retiree have other sources of income. I had savings, PERS, and Social Security. This is exactly what Social Security was intended for. They actually described it like the "three legged bar stool". I f you remove any one leg the retirement plan would be difficult. For me they took most of the third leg away, so they could have that money for all those whinney Democrats who wish to provide for all those residents who never had a job, don't want a job, and expect free health care because they are "entitled" to everything for free. “pays to live green” said “GovEmployee” makes a good point that they are not actually paying into social security so why would you receive the full benefits? But they both neglected (either un-intentionally or on purpose)to mention that most of the people complaining are those who paid into the Social Security System for 10 to 15 years! They are receiving only 40% of the benefit they paid for!
Everyone likes to forget that Social Security is supplemental payment, not a retirement. It was always intended that a retiree have other sources of income. I had savings, PERS, and Social Security. This is exactly what Social Security was intended for. They actually described it like the “three legged bar stool”. I f you remove any one leg the retirement plan would be difficult. For me they took most of the third leg away, so they could have that money for all those whinney Democrats who wish to provide for all those residents who never had a job, don’t want a job, and expect free health care because they are “entitled” to everything for free.

]]> By: Bill http://genxfinance.com/2008/10/30/the-social-security-administration%e2%80%99s-windfall-elimination-provision/#comment-124384 Bill Mon, 18 Jan 2010 04:02:53 +0000 http://genxfinance.com/2008/10/30/the-social-security-administration%e2%80%99s-windfall-elimination-provision/#comment-124384 Considering the vulgarity - screwed and blue is overpaid. Considering the vulgarity – screwed and blue is overpaid.

]]> By: Bill http://genxfinance.com/2008/10/30/the-social-security-administration%e2%80%99s-windfall-elimination-provision/#comment-124383 Bill Mon, 18 Jan 2010 04:00:27 +0000 http://genxfinance.com/2008/10/30/the-social-security-administration%e2%80%99s-windfall-elimination-provision/#comment-124383 Barry Democrats passed the law and refuse to repeal not the Republicans. Barry Democrats passed the law and refuse to repeal not the Republicans.

]]> By: barry painter http://genxfinance.com/2008/10/30/the-social-security-administration%e2%80%99s-windfall-elimination-provision/#comment-122963 barry painter Thu, 12 Nov 2009 10:01:39 +0000 http://genxfinance.com/2008/10/30/the-social-security-administration%e2%80%99s-windfall-elimination-provision/#comment-122963 To all the do gooders who say people want their cake and eat it too: Anyone else in this country can draw their pension(s) from their private employers and get their full social security checks! In fact Ronald Reagan (the man who signed this discriminatory law into being) got his full Social Security, State of California, Federal Pension, Screen Actors Guild Pension, etc... (Nacncy continues to draw these to this day). Typical Republican bullshit! To all the do gooders who say people want their cake and eat it too: Anyone else in this country can draw their pension(s) from their private employers and get their full social security checks!
In fact Ronald Reagan (the man who signed this discriminatory law into being) got his full Social Security, State of California, Federal Pension, Screen Actors Guild Pension, etc… (Nacncy continues to draw these to this day).
Typical Republican bullshit!

]]> By: Screwed and Blue http://genxfinance.com/2008/10/30/the-social-security-administration%e2%80%99s-windfall-elimination-provision/#comment-122484 Screwed and Blue Wed, 14 Oct 2009 09:15:27 +0000 http://genxfinance.com/2008/10/30/the-social-security-administration%e2%80%99s-windfall-elimination-provision/#comment-122484 I forgot to mention, that if they had some kind of warning for people like me about this, I would have paid into US SS to get the additional credits necessary to not be affected by WEP. But they don't want you to know so they can hit you over the head when it is too late and keep half of the benefits you worked for and are entitled to, and thus enrich themselves with higher salaries and pork barrel projects for their cronies. I'd like to see one of those crooks in Washington try and live on the pittance they have reduced me to. Fuck em all is what I say. I forgot to mention, that if they had some kind of warning for people like me about this, I would have paid into US SS to get the additional credits necessary to not be affected by WEP. But they don’t want you to know so they can hit you over the head when it is too late and keep half of the benefits you worked for and are entitled to, and thus enrich themselves with higher salaries and pork barrel projects for their cronies. I’d like to see one of those crooks in Washington try and live on the pittance they have reduced me to. Fuck em all is what I say.

]]> By: Screwed and Blue http://genxfinance.com/2008/10/30/the-social-security-administration%e2%80%99s-windfall-elimination-provision/#comment-122482 Screwed and Blue Wed, 14 Oct 2009 09:09:14 +0000 http://genxfinance.com/2008/10/30/the-social-security-administration%e2%80%99s-windfall-elimination-provision/#comment-122482 It beats me Ray. That's what they've done to me when in fact the bi-lateral treaty they have signed with the European country I live in has stipulations that make it so you don't have to pay double taxes, i.e. be taxed on your income over here in the U.S. unless it is over $80,000, and you don't have to pay SSI tax in both places. Ostensibly the idea of the treaty and certainly the implication or message it sends is that your SS payments here are all you need to get your SS benefits in the U.S. In fact they are supposed to combine the two and give you one payout in either country depending on which you live in, the USA or the foreign country. But there is an inexplicable catch---if you have enough credits to get the minimun benefit in the US and the minimum pension here, then you can't combine the credits and have to collect each payment separately. It is this separate payment of my pension here that suddenly makes my practically minimum pension here a "windfall" which they have reduced by half. Goddamn them, because I am just scraping by, and if it weren't for the fact that my wife is from here, younger than me, and still working, I would be living under a bridge or a flophouse what with the cost off living here and the economic crisis. Windfall my ass!! Fucking Crooks!! It beats me Ray. That’s what they’ve done to me when in fact the bi-lateral treaty they have signed with the European country I live in has stipulations that make it so you don’t have to pay double taxes, i.e. be taxed on your income over here in the U.S. unless it is over $80,000, and you don’t have to pay SSI tax in both places. Ostensibly the idea of the treaty and certainly the implication or message it sends is that your SS payments here are all you need to get your SS benefits in the U.S. In fact they are supposed to combine the two and give you one payout in either country depending on which you live in, the USA or the foreign country. But there is an inexplicable catch—if you have enough credits to get the minimun benefit in the US and the minimum pension here, then you can’t combine the credits and have to collect each payment separately. It is this separate payment of my pension here that suddenly makes my practically minimum pension here a “windfall” which they have reduced by half. Goddamn them, because I am just scraping by, and if it weren’t for the fact that my wife is from here, younger than me, and still working, I would be living under a bridge or a flophouse what with the cost off living here and the economic crisis. Windfall my ass!! Fucking Crooks!!

]]> By: Ray Fantini http://genxfinance.com/2008/10/30/the-social-security-administration%e2%80%99s-windfall-elimination-provision/#comment-122472 Ray Fantini Tue, 13 Oct 2009 11:21:51 +0000 http://genxfinance.com/2008/10/30/the-social-security-administration%e2%80%99s-windfall-elimination-provision/#comment-122472 Why should a person be penalized by WEP if he or she works for a private company in the USA and in a foreign country.Dosen't that individual pay funds into social security and a private pension in a foreign country.That individual has paid into a system where taxes are deducted and calculated for the correct amount one will receive when retired. Particularly in Europe, it is based on a contribution basis. Why should social security become involved where he has no right. Is the US system based on charity or based on what one has put into the system. Why should they think they have the right to interfere in the rights of individuals because they've lived in a foreign country.Perhaps it's time we look more closely into what are legislators are earning instead of robbing the poor. No one is looking for a handout. We are all trying to survive an already difficult economy. Every cent we earn is needed to survive with dignity. Why should a person be penalized by WEP if he or she works for a private company in the USA and in a foreign country.Dosen’t that individual pay funds into social security and a private pension in a foreign country.That individual has paid into a system where taxes are deducted and calculated for the correct amount one will receive when retired. Particularly in Europe, it is based on a contribution basis. Why should social security become involved where he has no right. Is the US system based on charity or based on what one has put into the system. Why should they think they have the right to interfere in the rights of individuals because they’ve lived in a foreign country.Perhaps it’s time we look more closely into what are legislators are earning instead of robbing the poor. No one is looking for a handout. We are all trying to survive an already difficult economy. Every cent we earn is needed to survive with dignity.

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