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08-10-2012, 11:50 AM
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#1
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Full time employment: Posting here.
Join Date: Feb 2007
Posts: 904
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SS and Sex
Why is it that SS payments are the same for both sexes? Life expectancy is not so it seems there is a "built in transfer" in lifetime benefits from males to females . Why is this?
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08-10-2012, 11:55 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,035
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 Quote:
Originally Posted by ejman
Why is it that SS payments are the same for both sexes? Life expectancy is not so it seems there is a "built in transfer" in lifetime benefits from males to females . Why is this?
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Well you'll have to ask Roosevelt that question.
But that's quite a can of worms you'll open if you want true-risk based payments in SS.
Many poor people and many minorities don't live as long as Anglos. Do you want to normalize for that ?
People in northern states live longer than people in southern states. Do you want to normalize for that ?
Fat people don't live as long as thin people. Do you want to normalize for that ?
Blue collar workers don't live as long as white collar workers. Do you want to normalize for that ?
Smokers don't live as long as non-smokers. Do you want to normalize for that ?
and so on...
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08-10-2012, 12:02 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 1,984
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Quote:
Originally Posted by MasterBlaster
Well you'll have to ask Roosevelt that question.
But that's quite a can of worms you'll open if you want true-risk based payments in SS.
Many poor people and many minorities don't live as long as Anglos. Do you want to normalize for that ?
People in northern states live longer than people in southern states. Do you want to normalize for that ?
Fat people don't live as long as thin people. Do you want to normalize for that ?
Blue collar workers don't live as long as white collar workers. Do you want to normalize for that ?
Smokers don't live as long as non-smokers. Do you want to normalize for that ?
and so on...
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Not to mention treating Medicare like that!
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08-10-2012, 12:11 PM
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#4
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Full time employment: Posting here.
Join Date: Feb 2007
Posts: 904
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The annuity tables I've seen are normalized for the male/female life expectancy but not for the other demographic factors that Masterblaster mentions. Why wouldn't SS be setup on similar basis to what all insurance companies do? As to asking Mr. Roosevelt, I'd rather hold off for a while...I'm only 62 
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08-10-2012, 12:25 PM
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#5
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Moderator
Join Date: Jan 2008
Location: The northernmost tip of Latin America
Posts: 10,614
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Quote:
Originally Posted by ejman
Why is it that SS payments are the same for both sexes? Life expectancy is not so it seems there is a "built in transfer" in lifetime benefits from males to females . Why is this?
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Does this post explain it?
Quote:
Originally Posted by Bestwifeever
If Mama ain't happy, ain't nobody happy.
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__________________
It's not the cards you're dealt in life but what you do with them that matters
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08-10-2012, 12:26 PM
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#6
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Moderator
Join Date: Jul 2005
Location: Houston
Posts: 12,693
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Gender equalization in insurance is happening in the UK due to European laws. UK SS is already moving towards equalization in that women's retirement age is increasing (from age 60).
The ruling means that men will get smaller private pensions and young women will see big increases in car insurance.
Men face smaller pensions under 'unisex' EU insurance rules - Telegraph
Quote:
In a landmark judgment last year, the European Court of Justice ruled that from December 2012 insurers will not be able to use a person's gender when setting prices, so men and woman will pay the same premiums.
As well as sending the cost of car insurance soaring for younger women drivers, it will mean men will get smaller pensions. Annuities, used to convert the lump sum in a pension pot into an income for life, are insurance products and are affected by the EU ruling.
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But the new unisex rate will not be midway between the two. Men will lose more than women gain. Although insurers have yet to confirm their rates, a man at aged 65 is likely to get about £200 a year less, with women getting about £100 a year more.
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__________________
Retired in Jan, 2010 at 55
Now it's adventure before dementia
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08-10-2012, 12:40 PM
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#7
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Moderator
Join Date: Jan 2008
Location: The northernmost tip of Latin America
Posts: 10,614
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I have to admit some disappointment. After reading the thread title I was expecting to find a thread about a senior sex-for-benefits scandal at the SSA or something about granny porn.
__________________
It's not the cards you're dealt in life but what you do with them that matters
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08-10-2012, 01:17 PM
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#8
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Full time employment: Posting here.
Join Date: Feb 2007
Posts: 904
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Sorry to disappoint. But even an extensive Google search did not turn up a suitable tie in of Social Security to sex as in SEX. There were plenty of sites brought up however that appear to have seniors involved in such
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08-10-2012, 01:43 PM
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#9
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 7,355
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No, granny porn does not interest me. But it would tickle my fancy to read about sex in exchange for ER. Surely, there must be some interesting stories in the corporate word about sex in exchange for ER buyout benefits for these 40 or 50 something.
Ejman, you have to search harder.
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08-10-2012, 01:44 PM
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#10
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Moderator Emeritus
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 29,434
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I almost got screwed out of my ER...
__________________
Numbers is hard...
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08-10-2012, 07:06 PM
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#11
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Recycles dryer sheets
Join Date: Nov 2011
Location: Katy
Posts: 97
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Collecting SS and still really enjoy sex! :-)
__________________
"I'm not afraid to die, I just don't want to be there when it happens." - Woody Allen
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08-10-2012, 07:17 PM
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#12
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2007
Posts: 5,536
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Quote:
Originally Posted by Bluemoon
Collecting SS and still really enjoy sex! :-)
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Yes! There is still life after SS eligibility 
__________________
I purr therefore I am.
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08-10-2012, 08:20 PM
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#13
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 7,355
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Ah, now I can see that there's another reason, and perhaps the main one, for people to delay claiming their SS. They are afraid of losing it!
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08-10-2012, 08:36 PM
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#14
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Full time employment: Posting here.
Join Date: Jul 2011
Posts: 521
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Quote:
Originally Posted by Bluemoon
Collecting SS and still really enjoy sex! :-)
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Once in a blue moon? 
__________________
You may be whatever you resolve to be.
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08-10-2012, 08:50 PM
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#15
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Full time employment: Posting here.
Join Date: Feb 2007
Posts: 904
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I can see a good opportunity for the statisticians @ the ER.org to do some original research!
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08-10-2012, 10:38 PM
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#16
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Thinks s/he gets paid by the post
Join Date: Nov 2005
Location: North of Montana
Posts: 2,752
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You guys are too young, I thought it WWII porn.
__________________
There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
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08-10-2012, 11:07 PM
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#17
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2006
Posts: 5,829
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I am so happy to hear that I am not the only pervert on the boards. I was figuring something along the lines of the picture we had of the world oldest sex workers from Amsterdam.
On topic, it does seem that more and more countries are banning price discrimination on the basis of gender or other characteristics. The only form of discrimination that seems to be legal anymore is smoking vs non-smoking.
It seems make the insurance companies job easier but also harder to make money.
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08-11-2012, 04:46 AM
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#18
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Thinks s/he gets paid by the post
Join Date: Dec 2008
Posts: 2,241
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I guess this explains why the last form I filled out, asked me to state my "Gender." (Which people don't actually possess; but it's apparently better than folks going, "Heh-heh, that form says SEX, heh-heh.")
Amethyst
__________________
If you understood everything I say, you'd be me ~ Miles Davis
'There is only one success – to be able to spend your life in your own way.’ Christopher Morley.
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08-11-2012, 05:55 AM
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#19
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 1,262
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And with help from a little blue pill, as well ?
__________________
The only thing a golfer needs is more daylight.
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08-11-2012, 05:56 AM
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#20
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 1,262
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Quote:
Originally Posted by clifp
I am so happy to hear that I am not the only pervert on the boards. I was figuring something along the lines of the picture we had of the world oldest sex workers from Amsterdam.
On topic, it does seem that more and more countries are banning price discrimination on the basis of gender or other characteristics. The only form of discrimination that seems to be legal anymore is smoking vs non-smoking.
It seems make the insurance companies job easier but also harder to make money.
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Perversion is much like a contact lens, in the eye of the beholder. The header on this thread is a teaser to say the least. 
__________________
The only thing a golfer needs is more daylight.
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