Quote:
Originally Posted by GH85Carrera
OK, so legally exempt. I presume those exempt employees had a sponsored retirement plan instead.
My dad paid the max rate of SS all of his working career in the military retirement during his 24 years of service. Upon retirement it was all transferred to SSI. He had a comfortable retirement check every month. Of course it all stopped upon his death. He was retired more years than he worked in the Air Force.
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SSI is Supplementally Security Income. SS is Social Security.
SSI is welfare for disabled people with low income and the elderly.
SS is for retired and/or disabled people who’ve paid in (or had a spouse pay in), like an insurance policy.
I’ve never heard of anything ever being transferred from one to the other.