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RE: SS overflow, change the law

Hi Cathy and all,  I retired from the military in 1999.  Since the only
survivor I had was my daughter Lauren, (at that time age 14) I talked it
over with her, and she thought that it would be better if we opted out of
SBP.  As time has gone by, I truly feel that is the best option.  Just a
little note on how the govt treats retired military.  I was diagnosed with
hearing loss due to my job in the military, which made the loss "service
connected".  I was awarded a 10 percent disability, the cost of which is
deducted from my pension.  How many retired senators or representatives can
identify with this?

-----Original Message-----
From: owner-gardenchat@hort.net [mailto:owner-gardenchat@hort.net]On
Behalf Of Cathy Carpenter
Sent: Friday, October 06, 2006 1:56 PM
To: gardenchat@hort.net
Subject: Re: [CHAT] SS overflow, change the law

When I retired from the military in 1997, I was given a choice to
participate in SBP or not. My spouse, of course had to be involved in
the decision and sign papers to that effect. Is it now mandatory?
Since we were both military, I had to do the same when he retired. We
both opted out. Sounds like the correct choice!

Cathy, west central IL, z5b

On Oct 6, 2006, at 7:06 AM, TeichFlora@aol.com wrote:

> A person  cannot collect military and government  pensions.  They
> take away
> one or the other.  My dad retired from the  military as a
> commissioned officer
> with over 20 years, then went to work for the  Govt. and retired
> with a high
> GS rating, with more than 20 years again.  He  was not able to
> collect both. It
> hasn't been easy on mom since his death  with collecting Social
> Security.
> However, if a military retiree goes  to work for a civilian company
> or State
> govt. that is different, they can  collect both.  They paid their
> time and
> retired though....I do not see why  they should not be able to.
>  Plus the Govt. has a racket going on with SBP (Survivor Benefit
> Plan)....many of those in the military paid in for years, even
> after retirement,  it is
> automatically taken out from their retirement.......only to find
> that they  are
> now cutting the SBP, and you cannot get both....SBP and SS.  Not
> only  that,
> but the SBP was less than what they paid in a month.   If  you opt
> out, you do
> not get your money back.  At the time, the military had  no choice
> to join
> this program.  Dh is in the same boat now.
> Noreen
> zone 9
> Texas Gulf Coast

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