Social Security Lockbox

[Danzig]

Originally Posted by Riot

Social security monies and Medicare monies are kept separately, though, each is an independent percentage of FICA.

Again, the only change I would make is raising the cap to $250,000. No need to raise the age if that is done. No "overhaul" needed, just a tweak. People in America work longer than other countries to get to retirement already.

It's really physically hard for alot of 67 year old people to work, even if they do have an office job. If they are laid off after 55, good luck ever finding a job again. Why make elder poverty worse? Let's make it better, let's make less of it.

Again, I see no need to change the qualification credits. Although everyone is "fully vested" after 10 years of nonstop work, they are not all paid the same at retirement, because that depends upon your individual income.

yes, i know benefits are dependant on one's income-but there is no reason someone should pay zero for medicare part A after only 10 years work...or get full credit for money put in. the requirements should be stiffer, because there are plenty of people who work the system-much like some people at the mill here who know exactly when to stop working for the year and go on fmla, so that they get that 'free money' when they file (earned income tax credits-where you pay next to nothing in, but get thousands back as a 'refund') the following spring.