Info for recently retired or retiring.
 

I am friends with a CP for American. In a discussion today he mentioned that at least in NC and PA where he was handling pilots retiring they were drawing unemployment benefits because pilots are forced to quit at 65. With the elimination of the DB plan you are not retiring. You are simply out of work at 65. American is not contesting this. He said that there is no reason a Delta pilot can not do the same. Feel free to repost this on other forums.

Yeah but to get unemployment you have to also be actively searching for other work. Even if you can’t be an airline pilot they could still expect you to apply to 135/91 operators.

This is good info if you think Social Security tax is you paying your future self, and also if you have no shame. If you fall into both camps, you can’t lose with this tip!

As long as they didn't spend their entire career in cruise complaining about socialism or government assistant programs.

He even added guys were bidding to PA from NC for their last few months because PA pays a much higher rate. The company actually pays a good chunk of the benefit in most states. The issue of applying for work varies from state to state as do other rules such as length and amount.

“In Georgia, employers pay the entire cost of unemployment insurance benefits“

These are probably the same guys who complain about people using food stamps to buy groceries for their kids.

Oh idk. Ive been employed 45 years. Never drawn unemployment. After that length of contributing to a system...Any complaining at cruise seems insignificant to 13 weeks unemployment after turning 65. Soecially since i expect to be looking for another job.

unless of course you are endorsing lifting the age 65 rule as a means to avoid such observed ironies.

I don't want to generalize, I understand everyone has a different circumstance. If I knew someone who applied for unemployment after retiring from a job paying 300K plus and probably with multiple millions in their 401K I would likely turn them in to the commission myself. This is beyond low.

Condoms and birth control are cheap. Even free. And abortion is legal in all 50 states.

I dont have an airplane, boat, or beachfront house because i cant afford them either.

Employers cover the costs through unemployment taxes levied on them. They can volunteer to pay actual benefits in real time in lieu of contributions, but that isn’t the default.

Very smart

Meeting that requirement is very simple in most states. As a business owner with an active job posting, I can tell you many of the applications we receive are from people looking to meet the search requirement. They are interested in applying, not getting hired.

How many of you expect to actually receive social security benefits?

How many of you expect to need social security benefits? And if there’s no social security when you retire, you haven’t been cheated out of anything since you aren’t “paying in” to social security. You’re paying for the beneficiaries drawing it today, nothing more.

“...to use the agencies of government to assist in the establishment of means to provide sound and adequate protection against the vicissitudes of modern life -- in other words, social insurance.”

Will you also turn in the pilots who apply for unemployment that get furloughed? Can you cite a reference that means tests unemployment payments?

What exactly would you turn them in for? There is nothing illegal about this. I believe few if any states have means testing for unemployment.

I look at it this way. I've been working and paying taxes since I was legally old enough to do so.

I've been homeless, I've been out of work, and not once have I seen a f'in dime because I was always getting hit with some technicality. Oftentimes companies claiming layoffs were planned and seasonal, we were temp workers, etc. (they weren't). When I was living in my car, there was no housing assistance.

You bet your behind I'm going to file for unemployment the day furlough pay runs out unless I have another job.

I've paid in for years. This might be the one time I don't get poked with some technicality.

No one except Buck has mentioned anything about furloughees filing for unemployment, and he’s on another planet, so to me no one has suggested it’s improper to file for unemployment when furloughed. It’s the notion of a millionaire filing after turning 65 that I’m taking issue with.

Unemployment is FOR furloughees not for retirees. The means test is common decency.

So, your issue is with people being successful?

Sooo....you want a means test? How much more in need is a hundred thousand-aire than a millionaire he wud be ok filing? Or a ten-thousand-aire?

In the past there have been times between jobs i was eligiible. And never filed. Probably because of some demented sense of values I got from my parents.

See, when the old man was out of work, and still had 7 of 10 kids at home to feed.....he never ran down to the food stamp office to ask somebody else to feed his family.

But ive overcome that childhood damage, and realized im going to be called a selfish boomer no matter what i do.....so may as well be like everybody else. 😆

So, in the name of common decency I should forgo SS also? I mean I don't really need it.

Should the furloughee with a doctor/lawyer wife be able to get unemployment.....common decency and all? What if the spouse works at Home Depot? Ok or not Ok?

So should we assume then, that you intend to waste the time of employers who actually need help as you apply for jobs you have no intention of taking to satisfy the requirement to seek employment. And that you will likely pass on jobs paying three or four times the unemployment payments so you can collect your due.

No. Im still productive. And since some artificially and arbitrarily imposed rule is forcing my employer to discontinue offering me employment in my present capacity.....i am being forced to move on to something else.

Id much rather stay if you can manage to work that out. 😆

What an absurd thread.

My thoughts exactly. But it is good fun. 😆

https://media1.giphy.com/media/dVtGcobFMRXO0/giphy.gif

These programs are meant for people who actually need them. Got to look at yourself in the mirror and feel somewhat good about it.

Omg. Imagine how bad THIS guy must feel...

https://www.dallasnews.com/business/2020/10/09/coppell-man-charged-with-scamming-17-million-in-ppp-money-to-buy-luxury-cars-and-homes/​​​​​​

Or this one..

https://www.justice.gov/opa/pr/florida-man-who-used-covid-relief-funds-purchase-lamborghini-sports-car-charged-miami-federal

Or...

https://www.businessinsider.com/california-man-coronavirus-loand-fraud-9-million-gambling-prosecutors-2020-7

And on and on and on. But somehow unemployment between jobs is a moral outrage. Hilarious.

Where does this end?

I won’t need SS. Can I look myself in the mirror if I take it. Gucci tells me I haven’t paid in, therefor it’s not mine.

I won’t need PBGC money either. Can I look myself in the mirror if I take it?

All this virtue signaling starts to be a slippery slope dontcha think?

https://media0.giphy.com/media/gzYMgIjAY5qQE/giphy.gif

Noooo.......by all means take them.

And ill send you a bunch of SASEs....just stuff the cash in and send them to me! You will feel great about it.

Thanks in advance Buck! :)

Info for recently retired or retiring.
 

If you need a random dude on the internet to tell you that you aren’t “paying in” to social security, you need to ask someone to educate you on the subject. I tried to help you out with the quote from FDR, but hearing it straight from the horse’s mouth wasn’t enough I guess.

Im sorry, how many workers were paying in for each recipient when the program was implemented and what is that number today?

This is a ponzi scheme, pure and simple. That 1 million $$ that I paid in (compounded) over my years of working has an expectation of a benefit. The vast majority of Americans would agree. But when the workers aren’t there in the future, of course the have nots will be the first to sell the haves down the river. Politicians will enable this redistribution of wealth because when your game is buying votes, there are more votes to be bought up at the low end of the spectrum. Now you can tell me that that is my civic duty, and I don’t need the money and it’s not mine. You will of course back it up with knuckle headed crap from 70 years ago that has no merit in today’s world.

I can use your ridiculous logic to claim that with hundreds of laws on the books prohibiting racism that there is no systemic racism. Somehow, I think you would disagree with that.

70 years ago? Huh. And i was thinking FDR was for Fredo/Don & Rachel.

Not quite as catchy or kick ass as Mark/Don & Mel though.

The benefit is being eligible to have current payers fund your distributions should you find yourself indigent in old age. Are you going to call up your insurance agent when you retire and tell them that all the premiums you paid in have “an expectation of benefit?” Social security is insurance. It is not an investment. Your social security taxes are a premium, not a contribution.

You know that FDR was the architect of social security, right? That’s why I have to quote him from 80+ years ago. You’d better go check for people on your lawn now.

Yeah. FDR as 'architect' is a substantial oversimplification of the contemporary social economic and as always political stew that produced what has morphed into todays SSI.

How absurd.

When I am 67, or 70 or whatever age I choose to start collecting MY Social Security, that I paid into, I will sleep like a baby. The comparison to insurance is patently ridiculous. I have paid in for 4+ decades now(against my will, btw). I earned it. It’s mine. Which is why I get a statement every year with my particulars.

That is, assuming it’s still solvent when I get there...

Technically as employees we all paid 50% into it.....the employer paid the other half.

So double the $$ you calculate came out of your paychecks. Abt 12% on first 137K this year.

It is a tax on earnings. Just think of it as a delayed tax refund starting when you decide to draw it. :)

I know this is how most people think of it, and it has become a retirement plan in people’s eyes, but it simply isn’t that. You’re quoting my post that says that you aren’t “paying into” social security as of that’s some sort of opinion. Yes, there is no mechanism to prevent you from drawing it if you don’t need it, and that’s part of the problem with the system, but my post is the furthest thing from absurd. It’s absolutely the intent of social security. The reference about being indigent that you bolded to point out my absurdity is straight from many of FDR’s speeches made while trying to get social security enacted in this country.

You aren’t paying yourself, you’re paying the people who are currently drawing their benefits. If and when you collect your check, it won’t be your money being returned to you, it’s going to come from the people that are paying in at that time. I don’t know how to put it any more plainly.