Detroit files for bankruptcy

[MyLittlePony 340]

Dont tell me GM is going under again i just brought a car from them. he he

[The Nature Boy 4,224]

I actually wasn't asking rhetorically either. I genuinely want to know. How does one survive if their pension goes under and they weren't paying into social security?

You bag groceries at Kroger until you are dead and live with your kids

[Karee 4,191]

Wait a minute. There's no way this is right. I pay into my pension (optional percentage) and insurance. I don't think people can opt out paying into socials security

Question, did your taxes "go up" this past January when the bush tax cuts went away?

Look it up. It's true. I was skeptical as well.

http://www.calstrs.com/pod/social-security-calstrs-and-you

[MyLittlePony 340]

Nothing wrong with bagging groceries it better than holding a work for food sign on the street corner.

[Bugs 455]

CalSTRS. I googled it. That is a trip. I've never heard of that. It returned 13.8% in the last fiscal year and 7.5% annually over 20 years. Pretty awesome. I would never guess a state like California would do something like that. I wonder how they got the feds to go along with not withholding social security?

CalSTRS has been around since 1913, that's a couple of decades before social security. So that's probably why they were allowed to stay out.

It's definitely a better payout than social security, but of course that's only an advantage IF they don't go under. If it goes under, then we are screwed because we haven't been paying into social security. So I'm not sure if I entirely like that. I would rather have security than a better payout. But I don't have a choice.

[GandD 5,966]

Look it up. It's true. I was skeptical as well.

http://www.calstrs.com/pod/social-security-calstrs-and-you

This is something I was completely ignorant about.

[Karee 4,191]

This is something I was completely ignorant about.

Same here. I like it actually.

[Bugs 455]

Wait a minute. There's no way this is right. I pay into my pension (optional percentage) and insurance. I don't think people can opt out paying into socials security

Question, did your taxes "go up" this past January when the bush tax cuts went away?

No, they did not go up. But they didn't go down 2% the past two years either, like it did for all of you.

[The Nature Boy 4,224]

Look it up. It's true. I was skeptical as well.

http://www.calstrs.com/pod/social-security-calstrs-and-you

I got a buddy retired from the Post Office.

He is trying to work enough quarters now to get SS

[Karee 4,191]

No, they did not go up. But they didn't go down 2% the past two years either, like it did for all of you.

I think signals are getting crossed. GandD was talking about the bush tax cuts that had nothing to do with Social Security. You're talking about the payroll tax holiday.

[lostinblue 1,989]

You bag groceries at Kroger until you are dead and live with your kids

Walmart greeter... It would suck for them.... They bitched about walmart and in the end they have to work there to survive,

[Bugs 455]

I think signals are getting crossed. GandD was talking about the bush tax cuts that had nothing to do with Social Security. You're talking about the payroll tax holiday.

Oh right. Well that I don't know. I think we did get that. If the tax cuts were not to the FICA taxes, then yes we did. If they were, then we didn't.

[GandD 5,966]

I think signals are getting crossed. GandD was talking about the bush tax cuts that had nothing to do with Social Security. You're talking about the payroll tax holiday.

The tax cuts were decreased payments to social security. That's the only line item of my check that changed.

http://www.shrm.org/hrdisciplines/compensation/articles/pages/fica-social-security-tax-2013.aspx

Edited July 19, 2013 by GandD

[Karee 4,191]

The tax cuts were decreased payments to social security. That's the only line item of my check that changed.

That was the payroll tax holiday that Obama and congress instituted for 2011 and 2012 that expired this year.

ETA: The Bush tax cuts that expired were for individuals making over $400k a year I think.

Edited July 19, 2013 by Karee

[GandD 5,966]

That was the payroll tax holiday that Obama and congress instituted for 2011 and 2012 that expired this year.

Check my link.