Re: 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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