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Petsyrah

(7 posts)

20. Retro to 12/2023

Reply to Joe Nation (Reply #19)

Wed Dec 18, 2024, 11:38 PM

Dec 2024

It would provide back payments for 2024. But keep in mind, this will require SSA to reprogram calculations. SSA is already short staffed by 2,000. So if this happens, it could take a while to see any payments.

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Social Security Fairness Act clears Senate procedural hurdle, on path for final passage [View all] BumRushDaShow Dec 2024 OP

Is this not "double-dipping"? If this hastens the SS cuts projected in 2033 - then do something to fix that! walkingman Dec 2024 #1

It does move up the date that Soc Security would be unable to pay full benefits. CousinIT Dec 2024 #2

As usual, a stupid move by excluding some jobs from paying into SS. Simple solution - everyone pays FICA taxes. walkingman Dec 2024 #3

This generally covers people who worked at a job where they paid into SS and were fully vested BumRushDaShow Dec 2024 #4

OK - that makes sense. But would it be the equiv of someone that paid into SS the entire 35 years? walkingman Dec 2024 #7

SS has all kinds of formulas to calculate what the final check will be BumRushDaShow Dec 2024 #10

If you mean their soc sec taxes remain in the portion of soc sec that's invested in treasury Deminpenn Dec 2024 #12

Yes - that remains under the control of the Treasury BumRushDaShow Dec 2024 #14

And most people are ignorant of the fact that small business owners pay both parts of this contribution. Hope22 Dec 2024 #21

And the "entitlement" moniker BumRushDaShow Dec 2024 #22

Only three states take unemployment out of employee paychecks. Arrgh Dec 2024 #23

There is a federal law that gives guidance BumRushDaShow Dec 2024 #24

There are 14 states that have SS benefits "offset" for the last 20 plus years. Huge reduction in what you worked for. Evolve Dammit Dec 2024 #5

"Windfall Profits Elimination" I believe was the title of the enabled act. Evolve Dammit Dec 2024 #6

It was W.E.P. Joe Nation Dec 2024 #17

I lost over 2/3. Of the 14 states that are affected, there are some big ones like CA, so it will probably never change. Evolve Dammit Dec 2024 #25

My father knew he was " signing away" MotownPgh Dec 2024 #29

Can You answer the above question - or than what you would have gotten if you paid your entire career into SS walkingman Dec 2024 #8

worked 10 years in "private sector" and went to a State government job for 33 years? Clarify your question Evolve Dammit Dec 2024 #9

Sure - it might be impossible to know, but I wonder if you had paid into SS your entire 43 years walkingman Dec 2024 #11

I only want what I paid in for ten years. The offset is denying those SS earned credits. Evolve Dammit Dec 2024 #15

Thank Gawd! Jacson6 Dec 2024 #13

Someone who is affected by this Petsyrah Dec 2024 #16

Welcome to DU LetMyPeopleVote Dec 2024 #33

Thank you Petsyrah Dec 2024 #35

The way it worked in my state Joe Nation Dec 2024 #18

Does anyone know if the bill is retroactive? Joe Nation Dec 2024 #19

Retro to 12/2023 Petsyrah Dec 2024 #20

WEP Repeal rso Dec 2024 #26

IMO, no job should be exempted from paying into SS MichMan Dec 2024 #27

Well back in 1986, a law was passed that put the feds under Social Security BumRushDaShow Dec 2024 #28

So no state and local government employees are exempted either? MichMan Dec 2024 #30

It depends on the state BumRushDaShow Dec 2024 #31

Thanks for the answer MichMan Dec 2024 #32

You truly are lazy BumRushDaShow Dec 2024 #34