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To: Jedidah

There should be statistics somewhere showing the number of disabled Medicare recipients, under the qualifying age of 65.

Also ‘double dippers’ who had both Federal employment and private sector employment.

http://www.governing.com/columns/public-money/FICA-free-lunch-crowd.html

Double-dipping. Employees in these outlier states and localities can still collect Social Security benefits for work they do outside their government service. So firefighters can collect Social Security credits for their side jobs as construction workers, plumbers or electricians. Even without moonlighting, the notorious “early-in-early-out” retirees who pull down full pensions from these systems at the ages of 50 or 55 can readily collect 10 years of Social Security credits in a second career, and double-dip the two systems. Occupations with earlier retirement options are heavily weighted in the FICA-exempt sub-group, so the second-career double-dip scenario is quite common. Typically, their public pensions exceed those of workers paying into Social Security: Because the employer and the employees don’t have to pay FICA taxes, they can pay more into the pension plan. Then the double-dippers can add duplicative Social Security benefits and play the two systems against each other. They get their cake and eat it too.

(there’s more - very interesting and irritating)


38 posted on 11/10/2010 11:11:50 AM PST by sodpoodle (Despair; man's surrender. Laughter; God 's redemption.)
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To: sodpoodle

I don’t agree with your double dipping theory. That’s like saying an employee who contributed to 8 different employer 401K’s or Defined Benefit plans is 8 dipping. If I pay into social security for ten years that’s my money, my taxes, and my retirement. And no you don’t get to tell me I’m only allowed one pension. If you argue on the other hand that some of those pension systems are overly generous then I’d agree with you. But that’s an entirely different subject and I’m appalled at how young some folks can retire. A counter to that though is I certainly don’t object to the military 20. The military 20 has always seemed like a great recruitment tool whereby our vets can get two incomes and two retirements. I like it.


71 posted on 11/10/2010 11:32:33 AM PST by Bogeygolfer
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