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?
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...
Does this post explain it?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?
If Mama ain't happy, ain't nobody happy.
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.
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.
Collecting SS and still really enjoy sex!
Collecting SS and still really enjoy sex!
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.
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.
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.
Once in a blue moon?
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.
You guys are too young, I thought it WWII porn.
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.
Heck, if you are not a pervert, you don't belong here!I am so happy to hear that I am not the only pervert on the boards.
Yeah, because when they use the word "gender" you have to answer "male" or "female" instead of "yes, please"....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.")
If you have to offer one price irrespective of gender, and you end up selling too many annuities to women (longevity risk increases), how do you adjust your business to bring in more men (shorter life expectancy) to balance out your longevity risk? About the only way is to market heavily in areas that men might see your ads! And even that is not 'guaranteed' to adjust your insurance pool risk. Not really an efficient situation to force the insurers into, IMO.