A glance into SS and Medicare

[WTF]

Originally Posted by LexusLover

House builders know all about that ....

Please explain further how house builders rob peter to pay paul , counsler.

I doubt you can but if you try , it should be interesting.



.

[bambino]

Originally Posted by WTF

Please explain further how house builders rob peter to pay paul , counsler.

I doubt you can but if you try , it should be interesting.



.

You know all about finding Peters!!!!!!!!!!! Paying for them too.

[WTF]

Originally Posted by bambino

You know all about finding Peters!!!!!!!!!!! Paying for them too.

You wish someone, anyone could find your lil lo peter!


.


.

[kehaar]

Are you all saying that the failure of Uhion instigated, Union run, retirement plans based on Ponzi Scheme principles are caused by company malfeasance.

Surely, you all are more self aware than that. The only companies that can enact defined benefit plans are employee lean, sustainably profitable entities. Those situations are rare.

GM failed because it was having to pay 10-20% of the production cost of their vehicles in retiree benefits. In essence, President Obama stole money from GM's creditors, and gave it the their retirees.

This sounds harsh, and maybe you all will attempt to justify it, but recognizing this will go a long way to finding reasonable solutions.

[LexusLover]

Originally Posted by Mr MojoRisin

If they are members of a State Retirement system they won't draw Social Security and they have to apply for Medicare after retirement.

Jim

There's a formula that offsets against retirement. They can't "double dip"!

Here's a beginning .... that refutes your general statement, which is what I was pointing out ...

https://tcta.org/node/12214

"School Districts With Social Security Agreements"

There is also a "spousal" issue ...

... if one is entitled to SS spousal benefits and Teacher Retirement.

[futbolhead]

Originally Posted by kehaar

Surely, you all are more self aware than that. The only companies that can enact defined benefit plans are employee lean, sustainably profitable entities. Those situations are rare

Perhaps I don't understand this statement, but if it reads as you meant, it's very wrong. Employee lean? Not at all. Large, employee rich companies have DB plans. American Airlines, Energy Future Holdings, BP are a few... Smaller companies have them as well, but they are typically adopted to to help the executive class compensation package in those companies. Sometimes they are adopted to provide a tax efficient liquidity event for the ownership class as well.

Did I misread?

[WTF]

Originally Posted by kehaar

In essence, President Obama stole money from GM's creditors, and gave it the their retirees.

.

Recognizing a risk in loaning money is another thing we should acknowledge.

My point for this thread was that our SS and Medicare system are subject to these exact same happenstance. We are living longer, healthcare cost are rising above inflation, yet we have not adjusted the imput.

Higher output without adjusting either the output or input is a disaster waiting to happen.

And to your creditors getting the short straw...I suspect, the same will happen if our country runs into difficulty.



.

[LexusLover]

Originally Posted by bambino

You know all about finding Peters!!!!!!!!!!! Paying for them too.

Especially if they are Paul's!

Perhaps WTF she join a "Home Builders Association" ...

... and ask his questions.

He'd get the same humorous responses and put in the corner.

[WTF]

Originally Posted by LexusLover

Especially if they are Paul's!

Perhaps WTF she join a "Home Builders Association" ...

... and ask his questions.

He'd get the same humorous responses and put in the corner.

Perhaps you should stfu if you have no idea wtf you're talking about.

You were the one talking out your ass like you knew some top secret home builder plot.

Is the question to hard LL...what do you mean by homebuilders having to rob peter to pay paul? Were you just talking out your ass once again?


.

[Mr MojoRisin]

Originally Posted by LexusLover

There's a formula that offsets against retirement. They can't "double dip"!

Here's a beginning .... that refutes your general statement, which is what I was pointing out ...

https://tcta.org/node/12214

"School Districts With Social Security Agreements"

There is also a "spousal" issue ...

... if one is entitled to SS spousal benefits and Teacher Retirement.

That pertains to Texas. My retirement comes from the State of Louisiana. Over the course of my career which expanded over twenty five years, I invested into the retirement system. At the end of my career, I drew on it. Social Security was not taken from my salary. When I was younger the jobs I had they did take social security out. When and if I reach 40 credits minimum I can draw on social security as well. Essentially I worked to build my financial future not to just get a paycheck. There are all types of ways to build your financial future they depend on type of career, where ya work, how much you make and how long you stay. A lot of people don't realize the difference between a long term career and just a job. Going to work and performing a task means nothing if you can't walk away with something in return for your time and efforts spent.

Jim

[LexusLover]

Originally Posted by Mr MojoRisin

....Social Security was not taken from my salary. When I was younger the jobs I had they did take social security out. When and if I reach 40 credits minimum I can draw on social security as well.

Jim

With all due respect, I was referring to your original factual statement and not your personal anecdotal circumstances.

My example pertained to Texas, but the "rules" with respect to SS have to do with Federal regulations, because they State (regardless of which one) cannot take away that which the Feds have given. The States "dove tail" the benefits to avoid the "double dipping" but if a person has made the requisite contributions over their lifetime they will not "forfeit" their benefits just because they have "public service" retirement benefits.

The Country of Louisiana seems to do things "differently" on occasion!

I can recall $12,000 a year police officers in New Orleans retiring with $500,000 homes PAID!

[Mr MojoRisin]

Originally Posted by LexusLover

With all due respect, I was referring to your original factual statement and not your personal anecdotal circumstances.

My example pertained to Texas, but the "rules" with respect to SS have to do with Federal regulations, because they State (regardless of which one) cannot take away that which the Feds have given. The States "dove tail" the benefits to avoid the "double dipping" but if a person has made the requisite contributions over their lifetime they will not "forfeit" their benefits just because they have "public service" retirement benefits.

The Country of Louisiana seems to do things "differently" on occasion!

I can recall $12,000 a year police officers in New Orleans retiring with $500,000 homes PAID!

You recall what?


Jim

[WTF]

Originally Posted by Mr MojoRisin

You recall what?


Jim

He recalls he is full of caca.

I recall LexyLiar saying Obama was buying this million dollar house in Hawaii. ..

[garhkal]

Originally Posted by IIFFOFRDB

LOVE that picture!

[LexusLover]

Originally Posted by Mr MojoRisin

You recall what?


Jim

"The Country of Louisiana seems to do things "differently" on occasion! .... I can recall $12,000 a year police officers in New Orleans retiring with $500,000 homes PAID!"

My point was (and is) you made a general statement about ... public servants .... NOT RECEIVING SS.