Optimizing Social Security

Robert P. Kurshan
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Robert P. Kurshan: Fellow, Cadence Design Systems (retired)

Chapter Chapter 15 in Investment Industry Claims Debunked, 2022, pp 261-267 from Springer

Abstract: Abstract People who have worked at least 10 years during which they paid the Social Security payroll tax (mandatory for most employees) are eligible to receive Social Security benefits in retirement. This includes some non-U.S. citizens and excludes certain public (federal, state, and local) workers, who are covered under other retirement plans. Since 1991, Social Security became mandatory for most state and local employees not covered by an equivalent public pension plan. However, those who receive a public pension earned from employment exempt from the Social Security payroll tax and who also are eligible to receive Social Security benefits will see the latter reduced accordingly. According to the Social Security Administration, in 2018, 96% of American workers are covered by Social Security.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-76709-9_15

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DOI: 10.1007/978-3-030-76709-9_15

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