Re: RR Retirement vs. Social Security
Author: Michael Mahoney
Date: 04-19-2012 - 17:44
Paul Ryan is a vile, despicable weasel who is trying to destroy our national prosperity, but when he comes up with an idea I can at least usually understand it. This one I can't even understand.
Do I have this right? Railroad Retirement is comparable to Social Security. If you are in RR you are not in Social Security, and vice versa. When you retire in RR you can expect a pension the same size as you would have got if you had been in SS -- not lavish, but enough to get by on. In some cases, the RR pension may be greater than the SS pension, depending on the progress of the fund.
Now Ryan proposes to cut Railroad Retirement benefits down to equal Social Security benefits. Why does that save the taxpayer a single penny?