View Poll Results: should you get gov retirement and SS

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  • yes you deserve both

    30 78.95%
  • No, get only your cushy gov retirement.

    8 21.05%
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Thread: Should retired government workers get SS

  1. #11
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    Re: Should retired government workers get SS

    I think if you are getting 70% of your pay for the rest of your life SS should be null and void. You are already getting more than your fair share of tax payer dollars for a job you were overpaid for in the first place.

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    Re: Should retired government workers get SS

    Quote Originally Posted by jimbo View Post
    If the presumption is that you get out of SS because you pay into it, why then should you get SS if you pay nothing into it?
    Because SS was initially set up as a Ponzi scheme and has never been changed. Reagan changed the retirement rules, and federal civil service employees hired after the early eighties do not participate in the Civil Service Retirement System (CSRS); they participate in the SS Ponzi scheme.

    We used to have triple dippers who worked the system back in the mid-20th century. In the nineties I had a neighbor who was financial trustee for a 95 year old triple dipper (military, federal civil service, SS) whose nursing home cost $5,000/month, and he was still adding to his bank account. But you can't do that any more (except maybe in California) and those who have it are dying off.
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    Re: Should retired government workers get SS

    Quote Originally Posted by Diogenes View Post
    Because SS was initially set up as a Ponzi scheme and has never been changed. Reagan changed the retirement rules, and federal civil service employees hired after the early eighties do not participate in the Civil Service Retirement System (CSRS); they participate in the SS Ponzi scheme.

    We used to have triple dippers who worked the system back in the mid-20th century. In the nineties I had a neighbor who was financial trustee for a 95 year old triple dipper (military, federal civil service, SS) whose nursing home cost $5,000/month, and he was still adding to his bank account. But you can't do that any more (except maybe in California) and those who have it are dying off.
    I agree with you. I was responding to the statement(s) that government workers should get it SS if they paid into it. The reverse of that argument is that if you don't pay in, you get nothing back. Otherwise it is just a welfare program paid for by a tax.

    But you are right. The first recipient had never paid a dime into the system. Roosevelt believed that people would become willing participants if they had an expectation that they would get back the investment at a future date. Ponzi would have been proud.

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    Re: Should retired government workers get SS

    Quote Originally Posted by sawyerloggingon View Post
    My brother in law just retired from a cushy gov job where he made 90K per year and openly bragged about how he spent most of the day shooting the breeze with other gov workers or reading books. He is now getting 70% of his pay and social security. It seems to me he is double dipping, getting a very generous retirement plan and SS. IMO if you are getting a tax payer funded retirement you are getting enough and should not get SS too.
    He's probably getting Social Security based on employment at another job. As a Federal employee, he doesn't pay into Social Security. Before he was a Federal employee, if he had a job, he was--and thus would be entitled to something based upon that employment history.

    IMO, all Federal/State employees should have 401K's. Not those overly-generous defined benefit plans they now enjoy. Maybe someday...
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    Re: Should retired government workers get SS

    Quote Originally Posted by DVSentinel View Post

    As a military retiree, I don't get to double dip. When I reach SS age, my retirement gets reduced by the amount that SS pays
    I don't think that is true. I can't find anywhere that states either is offset by the other.

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    Re: Should retired government workers get SS

    Quote Originally Posted by MaggieD View Post
    He's probably getting Social Security based on employment at another job. As a Federal employee, he doesn't pay into Social Security.
    Federal employees have paid into SS for a couple of decades now.

    IMO, all Federal/State employees should have 401K's. Not those overly-generous defined benefit plans they now enjoy. Maybe someday...
    They do. Like I said, the old system went away many years ago and there has long been a contribution 501k type system.

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    Re: Should retired government workers get SS

    Quote Originally Posted by pinqy View Post
    Federal employees have paid into SS for a couple of decades now.

    They do. Like I said, the old system went away many years ago and there has long been a contribution 501k type system.
    If you are correct that they pay into social security, then they get two pensions.

    Congressmen:

    The pension amount is determined by a formula that takes into account the years served and the average pay for the top three years in terms of payment. For example, a member of Congress who worked for 22 years and had a top three-year average salary of $153,900 would be eligible for a pension payment of $84,645 per year. In 2002, the average pension payment ranged from $41,000 to $55,000.[3]
    Congressional pension - Wikipedia, the free encyclopedia
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    Re: Should retired government workers get SS

    Quote Originally Posted by AreteCourage View Post
    You pay into social security....so after retirement you should get that money you paid into it...back...that is the entire plan of social security.
    No, actually, you describe what everyone seems to think is the "plan" of Social Security, but it isn't. When you pay, you're explicitly paying for other people, not stocking up for yourself.
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    Re: Should retired government workers get SS

    So, I am in the majority again.
    My father in law "doubled dipped", but he had to work a second job to earn SS benefits. A man should be given credit for wise financial planning.
    And, the truth.....he was never wealthy with his federal employment, but never messed a meal either..
    IMO, the problem is "private sector" employment which has no respect for the working man...thus, unions are necessary..

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    Re: Should retired government workers get SS

    Quote Originally Posted by Harshaw View Post
    No, actually, you describe what everyone seems to think is the "plan" of Social Security, but it isn't. When you pay, you're explicitly paying for other people, not stocking up for yourself.
    True, do you think that there is anything wrong with this ?

    And the 401k plans were for the selfish, me for one...
    I think that its a great system....pension, FICA, 401k, and the VA....
    It greatly benefits a man to do his service for his nation...

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