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From The Chairman: Peak Strategy 2014
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<blockquote data-quote="59 Dano" data-source="post: 1472579" data-attributes="member: 23516"><p>"A national retirement board would force both employers and employees to contribute at least five percent of gross wages, and these funds would not be available to annuitants until full retirement age." The SSA requires contributions from both employees and employers, and those funds are not available until retirement age. </p><p></p><p></p><p></p><p>Well there was no need for the lobbying, since anyone with an income was eligible from day one as the law was written.</p><p></p><p></p><p></p><p>A whole 30 years! I have no problem lifting the cap on SSA taxes as long as benefits remain commensurate and with no cap. Of course, that doesn't do anything to fix the insolvency of this brilliant, brilliant program.</p></blockquote><p></p>
[QUOTE="59 Dano, post: 1472579, member: 23516"] "A national retirement board would force both employers and employees to contribute at least five percent of gross wages, and these funds would not be available to annuitants until full retirement age." The SSA requires contributions from both employees and employers, and those funds are not available until retirement age. Well there was no need for the lobbying, since anyone with an income was eligible from day one as the law was written. A whole 30 years! I have no problem lifting the cap on SSA taxes as long as benefits remain commensurate and with no cap. Of course, that doesn't do anything to fix the insolvency of this brilliant, brilliant program. [/QUOTE]
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