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madville

(7,479 posts)

41. This is filling in a gap

Sun Dec 22, 2024, 08:52 PM

Sunday

People that paid into both social security and some exempt retirement plans over their careers were getting penalized for it due to a Reagan era law, this fixes that.

Federal employees (since 1981) and most state employees pay into both social security and their pension plans and get the full benefits from each. This is overturning a Reagan era law that penalized those in legacy pension plans that were also vested in social security, it’s not many these days, just a few million people.

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This message was self-deleted by its author [View all] dalton99a Saturday OP

Mazel tov! Drum Saturday #1

And Musk is ready with his "DOGE" scissors question everything Saturday #2

Not happening. n/t valleyrogue Saturday #3

To see how many people will want to Luigi him dalton99a Saturday #8

I am so happy! This has affected me since I retired in 2017. A Brand New World Saturday #4

Very similar to me madville Saturday #16

It took over a decade, but it finally happened. valleyrogue Saturday #5

+1. It is a horrible injustice that keeps some retirees in abject poverty dalton99a Saturday #6

Yay!!! Great news!! I didn't know what the bill was. LeftInTX Saturday #7

Thank you to the Senate and to President Joseph Biden. sheshe2 Saturday #9

This kind of bipartisanship is the way it is supposed to be. That is the way it USED to be valleyrogue Saturday #10

I can't tell you how happy I am right now. sheshe2 Saturday #11

so, passed in both houses?" MadameButterfly Saturday #12

It is on Biden's desk dalton99a Saturday #14

Yes. It passed both houses overwhelmingly. President Biden will sign it. n/t valleyrogue Saturday #17

When does this go into effect? senseandsensibility Saturday #34

Retroactive to January 2024 dalton99a Saturday #36

Thanks! senseandsensibility Sunday #38

I suspect Social Security will issue an official statement with details after Biden signs the bill dalton99a Sunday #45

Why were some government employees exempted from SS in the first place ? MichMan Saturday #13

Our pension is better than SS madville Saturday #15

Rules for thee, but not for me. MichMan Saturday #18

It's not an "opt out" madville Saturday #19

Not Sure How It Got Started - I Paid 10% Each Check To Teacher Retirement System alcuno Saturday #35

Just getting what's owed to you madville Sunday #37

I don't think it's fair that some government jobs are exempted from SS while everyone else is required to contribute MichMan Sunday #40

This is filling in a gap madville Sunday #41

Why were any plans exempted in the first place ? MichMan Sunday #42

Powerful unions at the time madville Sunday #43

Got it MichMan Sunday #44

They earned those social security benefits madville Sunday #46

This message was self-deleted by its author senseandsensibility Sunday #39

But if you never worked a Public Government job, ALL you get is just SS. They used to call that Double Dipping. mackdaddy Saturday #20

Yes, I remember the frenzy about "double-dipping" pensioners back then RandomNumbers Saturday #21

Collecting a pension and getting Social Security is NOT "double dipping." That was a right-wing LIE peddled years ago. valleyrogue Saturday #22

Thanks for that background RandomNumbers Saturday #30

This was truly bipartisan legislation. valleyrogue Saturday #31

Completely untrue. valleyrogue Saturday #24

It was theft madville Sunday #47

You ARE saying that anyone who paid into SS shouldn't get the benefits they earned, although you probably don't mean to. HeartachesNhangovers Saturday #26

The thing is most of those who make the "big pensions" wouldn't qualify for SS in the first place. valleyrogue Saturday #27

Does this pave the way to drop public employee pension plans? leftstreet Saturday #23

No. n/t valleyrogue Saturday #25

Good. Because anything our overlords label a "Fairness" Act.... leftstreet Saturday #28

It IS a "Fairness Act." This was bipartisan legislation of the best sort. valleyrogue Saturday #29

Right, got it leftstreet Saturday #32

Only 20 GOP senators voted against repeal. valleyrogue Saturday #33

Question... Is President Biden vetoing this bill??? ...Still not signed yet DianneD Yesterday #48

if Biden doesn't sign a bill he supported mercuryblues Yesterday #49

This message was self-deleted by its author dalton99a Yesterday #50

Methinks he will announce signing the bill between the holidays for greater exposure Brother Buzz Yesterday #51

This message was self-deleted by its author dalton99a 23 hrs ago #52

That too, and see deserves the photo op considering she has... Brother Buzz 23 hrs ago #53

You will see a headline when he does Lulu KC 5 hrs ago #54