What does this mean ?
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looks like you straightened out a question mark……..
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Thanks Jim. That will make a great Christmas present. Now I only get 1/2 of the minimum because the pension I also eared is a "Gift."
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I wish there was a publication of just what "Goverment" employees salaries are, their benefits & retirement funds. I think people would be shocked😣
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Means our elected officials changed their minds. They are going to give people what they earned. How nice of them.
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I'm changing my name to Jamie Ciervo.
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People who received a combined government pension/social security check, like firefighters, police, union teachers, maybe railroad pensions because my dad had a railroad pension that combined with social security for a total of $1300 a month. Those people as I understand it paid into social security but did not receive it separately, so starting around February/march they will get a double pension to make up for all they lost and later they will receive a lump sum. Of course this will deplete the social security fund 6 months earlier than planned. I understand that I won't get it, but really don't know who all is entitled to get this windfall.
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I retired from the railroad after 42 years service. We payed into railroad retirement not social security. In the 70s I believe it was they were going to put are railroad retirement into social security, but unions agreeed to still pay into railroad retirement, but, agreeed to also pay into railroad retirement the equivalent of what social security would have been as well. They divided are railroad retirement into what is called tier1 and tier2, tier2 is RR retirement and tier1 is equivalent to SS. We can not collect social security. The last few years before I retired I was paying in over a thousand dollars a month. A lot of money payed in over the years, but, looking back, and at my pension, it was well worth it.
Bottom line I don’t see where it will affect retired railroaders at all. Now there is a certain I amount I over payed over the years to tier1 that I’ve been deducting over the last 15 years off my taxes each year.
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Meanwhile, if I understand it correct that if you divide the National Debt by the number of tax payers in the USA we will all owe our Government about $200,000+. When does the bill arrive? There goes my savings and I will just have to take out a loan to cover the rest. ———————Ray
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I skimmed through the info but saw nothing specifially pertaining to Civil Service retirees.
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