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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: haqihana who wrote (63138)	8/23/2004 1:36:46 PM
From: aladin	Read Replies (1) \| Respond to of 793817

Ha, If he was in the US contributing for 10 years and does not return at 65 - he will get a generic benefit = to an average of that last 5 years. Assume for the moment he is 40, that means in 2029 he will get a benefit paid out on his 2003 wages. Not exactly freeloading and certainly not gravy. I qualified for the plan at a prior job in Seattle that I left in 93. Based on my last 5 years at that company - the pension looks good. However when you realize my planned retirement date is 2023, even with todays modest inflation - my pension will look like little more than beer money by then. BUT, my private pension is guaranteed. If Kumar is expecting social security - he gets hit by the issue that they look at the 5 years preceding retirement - not the last 5 years in the country. So unless he continues to pay taxes here - he is probably out of luck. So on the Government pension side - he is not freeloading. In fact every citizen who moves out basically donated what he had given to the rest of us. John