Liberal Forum

Xavier_Onassis » 02 Jun 2022, 3:35 pm » wrote: ↑

02 Jun 2022, 3:35 pm

Social security payments are not based on the total paid into the system. They are based on the income of the LAST TEN QUARTERS before retirement. Most people earn more during the final years of their careers, but there are many that do not,  Real estate agents, pro athletes, perhaps actors and actresses.

 Do you know how pensions are determined in Communist countries? I strongly suspect you have no clue. But if you do, tell us.

Thanks for the info. So you're suggesting that if a person worked as an executive pulling down income into 6 digits for 30 years, but then lost their job at 60 years old and took a job as a Walmart greeter, then their social security payments would be based on the minimum wage they were paid in the 2-1/2 years prior to retirement regardless of the average they paid in over the prior 30 years?