Yes, Let's Expand Social Security - To Public Sector Employees - News Summed Up

Yes, Let's Expand Social Security - To Public Sector Employees


The federal Social Security tax is 12.4 percent, split evenly between the employee and the employer. Teachers' Retirement System retirement benefits were significantly better than those offered under Social Security. A 1999 study by the General Accounting Office found that adding teachers and other public employers from around the country who are not currently in Social Security would create, at best, a temporary surge in revenue for Social Security. Over the long term, adding teachers to Social Security would only increase the System’s total obligations and deepen the program’s long-term funding problem. Having said this, yes, it's also the case that the federal government cannot force states to participate in Social Security -- at least not directly.


Source: Forbes July 23, 2018 11:03 UTC



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