4 ms·

Uh, what? Former federal employee here. I've got one of my pay stubs in front of me and there is definitely a social security line.

• s1artibartfast 6y ago
  It is primarily state employees (police & teachers) that are exempt from social security if they have a different state funded pension plan. Take a look at table 2 and chart 1 of this report from the social security administration[1] for some examples of rates in different states. >In 2018, one-quarter of state and local government employees—approximately 6.5 million workers—were not covered by Social Security on their current job I find this offensive because one of the main functions of SS is to subsidize the retirement of low earners at the expense of higher earners. As a private citizen, I don't get to opt out of this social obligation just because my 401k gets a better return. Not only that, but as a tax payer, I will be on the hook for bailing out the public employee pension funds when they go belly up. https://www.ssa.gov/policy/docs/ssb/v80n3/v80n3p1.html https://www.ssa.gov/policy/docs/ssb/v80n3/v80n3p1.html