Did Postal Workers (1990's Retired) Pay Ssa Tax?

[Guest Dataman]

Wife's Daughter has been on SSI since before 22nd birthday. She can draw SSA Disability off her stepparents. He worked for Post Office.

Did they pay SSA Taxes?

Thanks

:)

[john999]

If they were under FERS they did pay SSA. If they were under CSRS they did not. FERS started in 1984.

[Guest Dataman]

U would assume he was under old system. Thought something like that.

Thanks

[john999]

Dataman

If he started work before 1984 he is probably under the old system. Some employees changed to the new system for reasons I don't understand.

[JR Reihs]

Under the New system , a young worker who was dedicated in contrabutions could retire with a six figure income vs the paultry sum under the old system, with access to that money if it was needed before retirement.

Edited June 19, 2006 by JR Reihs

[john999]

The only thing is that the young worker has to invest in stocks and has to hope the market will rise over time. If the young worker invests wisely for 40 years he will be in clover. If he sells at the wrong time he will be looking at big zeros. I did good with my thrift savings plan after only 17 years but I was lucky and I understood compound interest.

[Pete53]

With all the problems with pensions, 401 K's, crooked CEO's I am sort of glad I have a steady disability check each month