Social Security Report

Is It Fair That Social Security Benefit Accruals Stop After 35 Years Of Work History? - Forbes & AMAC

In a very different kind of piece, Elizabeth Bauer of Forbes dives into the 35 year averaging of Social Security work history.  She notes the program is not the same as a private pension system but is social insurance nonetheless.  She asks the “is it fair” question for a number of scenarios comparting blue collar and white collar work history.  Bauer even questions whether it is fair for someone to continue paying FICA tax who continues to work after reaching the 35 year maximum marker, perhaps even taking a pay cut in a semi-retirement part-time job. Note the new work history won’t actually boost their Social Security benefits.  To read the full article, click here.

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