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Old 11-23-2011, 04:02 PM   #81
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I paid 8.5% of my earnings for 30 years into pension. No SS
I have always paid SS (and now medicare) whether in the private or public sector. I never made enough to get to the no-pay amount. So, yes, I do think I am justified in getting SS benefits.
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Old 11-23-2011, 04:13 PM   #82
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I have always paid SS (and now medicare) whether in the private or public sector. I never made enough to get to the no-pay amount. So, yes, I do think I am justified in getting SS benefits.
Who said you weren't. Employees that started after 1984 with City of Chicago started paying into Medicare. I started in 1981 so I am not eligible for Medicare or SS.
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Old 11-23-2011, 04:31 PM   #83
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I can't wait for them to align public sector IT job salaries with private sector! I will get a nice raise for sure! Throw in Boston area market pricing and that is icing on the cake!
Just curious Bimmerbill, what is it about your public sector job that keeps you there despite the fact that you could earn more in the private sector? Benefit package? Working conditions? Also, in your hard-to-recruit IT field, is your employer finding it difficult to attract and retain good people with the salary and benefit packages they're offering today?

BTW, by "align public sector jobs with market prices" I meant pay what it takes to attract and recruit qualified employees, no more, no less. I didn't mean do a study comparing salaries and make adjustments up and down to existing employees' salaries.
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Old 11-23-2011, 06:16 PM   #84
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Who said you weren't. Employees that started after 1984 with City of Chicago started paying into Medicare. I started in 1981 so I am not eligible for Medicare or SS.
Ripper, There are people who still believe that public employees do not pay into SS, then retire, work a few years at a private sector job that requires paying into SS, and then collect a HUGE SS payout based upon just a few years of work. I was pointing out that as a public sector worker I have always paid into SS. So I have earned my SS just like any other person.
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Old 11-23-2011, 08:07 PM   #85
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Ripper, There are people who still believe that public employees do not pay into SS, then retire, work a few years at a private sector job that requires paying into SS, and then collect a HUGE SS payout based upon just a few years of work. I was pointing out that as a public sector worker I have always paid into SS. So I have earned my SS just like any other person.
Well, it is true that some public employees do not pay into SS, and some then retire and work a few years at a private sector job that requires paying into SS (or work those years before the public job), and then collect a HUGE SS payout (HUGE in relative terms - SS pays relatively higher for those first years/$s).

In some cases there are adjustments for this effect.

-ERD50
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Old 11-23-2011, 08:38 PM   #86
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Well, it is true that some public employees do not pay into SS, and some then retire and work a few years at a private sector job that requires paying into SS (or work those years before the public job), and then collect a HUGE SS payout (HUGE in relative terms - SS pays relatively higher for those first years/$s).

In some cases there are adjustments for this effect.

-ERD50
I guess unfortunately for me, your last sentence pertains to me. I have substantially more than 40 quarters in but WEP is whacking me to under $100 when I become eligible. I amused myself with the SS WEP calculator, projecting what I would get if I put 10 solid years of full time working to boost it up. The results werent worth the time I put in to figure out the benefit! Im probably the oddball on this, but I wish I had the opportunity to pay into SS during my working career. It would have been another leg for the old retirement stool.
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Old 11-23-2011, 08:52 PM   #87
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I can't wait for them to align public sector IT job salaries with private sector! I will get a nice raise for sure!
True, but be prepared to work 12 days during the count down to ship. And weekends? Private sector programmers are like ERs- "What are weekends?"

Ha
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Old 11-23-2011, 09:27 PM   #88
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Well, it is true that some public employees do not pay into SS, and some then retire and work a few years at a private sector job that requires paying into SS (or work those years before the public job), and then collect a HUGE SS payout (HUGE in relative terms - SS pays relatively higher for those first years/$s).

In some cases there are adjustments for this effect.

-ERD50
Most public employees do not pay into SS. They make contributions for their public pensions and if they somehow acquire 40 quarters outside their employment with a government job their is a couple things that knock down that SS to practically nothing. One is called GPO (Government Pension Offset) and WEP (Windfall Elimination Program). Look it up.
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Old 11-23-2011, 09:31 PM   #89
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I guess unfortunately for me, your last sentence pertains to me. I have substantially more than 40 quarters in but WEP is whacking me to under $100 when I become eligible. I amused myself with the SS WEP calculator, projecting what I would get if I put 10 solid years of full time working to boost it up. The results werent worth the time I put in to figure out the benefit! Im probably the oddball on this, but I wish I had the opportunity to pay into SS during my working career. It would have been another leg for the old retirement stool.
Well, if anything your SS benefit will pay for Medicare. Otherwise if your wife has 40 quarters of private employment you will go on her benefit.
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Old 11-23-2011, 09:35 PM   #90
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Well, if anything your SS benefit will pay for Medicare. Otherwise if your wife has 40 quarters of private employment you will go on her benefit.
Not currently married, but isnt that where the GPO kicks in on that scenerio?
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Old 11-23-2011, 09:37 PM   #91
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Well, if anything your SS benefit will pay for Medicare. Otherwise if your wife has 40 quarters of private employment you will go on her benefit.
I reread your post, I misunderstood. Even though I didnt pay into SS, I did pay into Medicare, so Im good there.
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Old 11-23-2011, 09:49 PM   #92
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I reread your post, I misunderstood. Even though I didnt pay into SS, I did pay into Medicare, so Im good there.
Don't take this for gospel but if you paid into Medicare as a public employee than you should be good for it. Look into at socialsecurity.gov.
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Old 11-23-2011, 09:53 PM   #93
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Most public employees do not pay into SS. They make contributions for their public pensions and if they somehow acquire 40 quarters outside their employment with a government job their is a couple things that knock down that SS to practically nothing. One is called GPO (Government Pension Offset) and WEP (Windfall Elimination Program). Look it up.

Actually this isn't true. This GAO study from 2005 found that 75% of public employees are covered by SS and that number is decreasing fairly rapidly as older workers retire, and more states modify their pension plan. 7 state include CA, IL, and TX account for 71% of employees who aren't covered by SS. Among the 25% not covered I imagine a reasonable number are eligible for SS benefits due other worker or spousal benefits. In all 94% of all workers are covered by SS.
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Old 11-23-2011, 10:18 PM   #94
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Actually this isn't true. This GAO study from 2005 found that 75% of public employees are covered by SS and that number is decreasing fairly rapidly as older workers retire, and more states modify their pension plan. 7 state include CA, IL, and TX account for 71% of employees who aren't covered by SS. Among the 25% not covered I imagine a reasonable number are eligible for SS benefits due other worker or spousal benefits. In all 94% of all workers are covered by SS.
I think they are covered by Medicare but not SS. Employees that started after 1984 in Chicago started paying into Medicare but not SS. That being said if they had a government pension and somehow found outside work to be eligible for SS their benefit would be greatly reduced by GPO/WEP.
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Old 11-23-2011, 10:20 PM   #95
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Well, if anything your SS benefit will pay for Medicare. Otherwise if your wife has 40 quarters of private employment you will go on her benefit.
not always true. In the postal service you don't pay into SS but you also cannot claim on a spouse.

If a non working spouse reaches age 65 can they also get medicare for the low premium, or do they have to pay more if they didn't pay in? Does the spousal benefit work for medicare?
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Old 11-23-2011, 10:27 PM   #96
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not always true. In the postal service you don't pay into SS but you also cannot claim on a spouse.

If a non working spouse reaches age 65 can they also get medicare for the low premium, or do they have to pay more if they didn't pay in? Does the spousal benefit work for medicare?
My understanding is you can qualify on your spouse's benefit. The website at socialsecurity.gov is pretty informative.
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Old 11-24-2011, 02:00 AM   #97
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I think they are covered by Medicare but not SS. Employees that started after 1984 in Chicago started paying into Medicare but not SS. That being said if they had a government pension and somehow found outside work to be eligible for SS their benefit would be greatly reduced by GPO/WEP.

Would you care to provide some evidence to back up your thinking or are you just spouting off stuff? Hint I read links from 3rd party sources.

As the GAO reports says it is 25% of public employee who don't pay SS taxes, but many of them receive SS benefits for other reasons. It doesn't make any discussion of Medicare. I get that in IL many worker aren't covered by SS, like many things regarding government IL is the exception not the rule. For instance the number of former governors serving prison sentences.
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Old 11-24-2011, 07:36 AM   #98
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Would you care to provide some evidence to back up your thinking or are you just spouting off stuff? Hint I read links from 3rd party sources.

As the GAO reports says it is 25% of public employee who don't pay SS taxes, but many of them receive SS benefits for other reasons. It doesn't make any discussion of Medicare. I get that in IL many worker aren't covered by SS, like many things regarding government IL is the exception not the rule. For instance the number of former governors serving prison sentences.
I stand corrected. It is in Illinois where 80% are not covered by SS. I can't speak to the rest of the country. But again if a public employee is eligible for SS, his or her benefit will be reduced by GPO (Government Pension Offset). Go to the social security website and look it up. Also being a retiree of the City of Chicago they started paying into Medicare after 1984 so those employees when they retire will be eligible for a Medicare benefit only at 65. Anyone that started before 1984 was not eligible to participate.
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Old 11-24-2011, 08:01 AM   #99
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By the way, clifp, I'm just stating the facts as I know them here in Illinois and not spouting off. By the way, how is the weather in Hawaii?
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Old 11-24-2011, 09:30 AM   #100
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Well, it is true that some public employees do not pay into SS, and some then retire and work a few years at a private sector job that requires paying into SS (or work those years before the public job), and then collect a HUGE SS payout (HUGE in relative terms - SS pays relatively higher for those first years/$s).

In some cases there are adjustments for this effect.

-ERD50
I don't agree. You need to pay into SS for 10 years to qualify. Additionally if you have a retirement benefit from a job where you didn't pay into SS any SS payments you might get from a job where you did pay into SS is reduced using the Windfall Elimination Provision.
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