> Date: Sun, Nov 7, 2010, 9:20pm
> (CST+1) From:
> (Leon*Manfredi)
> Nowhere will you find that a public
> employee, may contribute to both
> State/Municipal pensions system, and
> the Govt's SS System, under one
> jurisdiction.
My husband worked for the State of Texas from the late 80s through the
mid-90s, and paid into both Social Security and the State Retirement
Plan.
> It's quite possible that if that person
> has/had outside employment, part time
> or otherwise, previous or after, outside
> the hours of their public employment...
> most assuredly will as required by law,
> pay into the SS System, and therefore
> be eligible for SS Benefits
I worked for 30 years and paid into SS. Then, at age 51, I went to work
for a City government, where we only pay into the City's retirement
fund, and not SS. I've been there for 11 years now. My earliest
retirement age will be 66, but I plan to keep working after that (like,
'til I drop!) because I won't be able to afford to retire.
Each year, I get a statement from SS telling me how much I'll receive
when I choose to 'retire' (i.e. at age 62, 66, or 70). Each year, the
monthly amount I'll receive goes DOWN because I haven't been paying into
the system for the past 11 years. IF I'm able to keep working until age
71 and retire from the City, I'm sure my SS will be next to nothing by
then.
NOTE TO YOU YOUNGER PEOPLE: Start planning for your retirement NOW!