Retired teachers in California struggle to make ends meet with no access to Social Security
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- Опубліковано 20 вер 2021
- Many retired teachers in California are finding retirement far less comfortable than they had assumed.By law, retired educators aren't allowed to collect Social Security benefits, though many have paid into the system.
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![Teacher's Retirement & Social Security [Complete Guide] | Devin Carroll](http://i.ytimg.com/vi/DE4UMm1o29o/mqdefault.jpg)
![Teacher's Retirement & Social Security [Complete Guide] | Devin Carroll](/img/tr.png)
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
@HarunaSaiduHassan That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well..
@HarunaSaiduHassan The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
@HarunaSaiduHassan I will give this a look, thanks a bunch for sharing.
She should get her husband’s survivor benefit from SSA. His job has nothing to do with her choice to be a teacher.
Big slap in the face , just straight disrespect
Turn on your brains, people. She isn't complaining that she didn't get SS from teaching, but because being a teacher in California makes you ineligible for almost all SS benefits you earn before OR AFTER being a teacher, or getting spousal benefit. Before I became a teacher I spent 10+ years working retail jobs and paying into SS, but once you get vested in CalSTRS you forego your rights to the system you've already paid into. That's what's unfair. My brother has a military pension AND he is going to collect social security from his second career--that seems fair, you get out what you put in. Not so with teachers.
Hold on! If you had worked summers or moon-lighted you could have added SS years and possibly removed the WEP from your SS benefits. The WEP simply replaces your benefit at a lower percentage because you're not destitute (earned under $12K/year). By the way, what did you do with all that money that you did not pay to SS?
As for your brother in the service, he paid SS while in the military. So he looks like a teacher who earned a pension AND paid SS.
@@charleslemaire8137 in California the money that employees would normally pay into SS is collected along with additional funds into the state pension system CALSTRS. In other states it may be possible for teachers to pay into SS and their pension, but not in California. And yes, my understanding is that even if you had a second job where you did contribute to SS you would not be eligible to receive most SS benefits in retirement. There is no conflict with the state pension system CALPERS or the UC retirement system, so I do know of teachers who collect from CALSTRS AND UC in retirement or some other pension system, but not SS.
Teaching is a largely female profession and so is disrespected.
@@lilgrannyari - If I had that second job, it would add to my AIME. That additional income would be used to calculate my PIA at the 32% or 15% level, not at the 90% replacement rate, which is what teachers are asking for. They currently get it at the 40%, level first.
@@charleslemaire8137 are you a California teacher?
Oh yea? I though I'd get a raise when I turned 62.
Taught for 14 years and it wrecked me. Five years recovering so far, retired on 900 a month. Thanks system. Teachers union sucks big one.
CTE/ROP teachers do NOT become tenured, EVER in California. And they are the first teacher laid off, by LAW. Happened to me three times. 14 years working, and NEVER a bad evaluation either.
Stay in the private work sector. I workd my ass off for my schools, and now I am broken.
The windfall was done by Reagan. Blame him. And you should have gotten a regular credential. You would have made more money and had a better retirement.
I’m so glad I watched this, my wife has been looking at teaching.
The education field is an absolute shit show. Don’t let your lady get into that, if you can help it.
This is California. This is not true in other states.
Interestingly, Dave Ramsey indicates that teaching is the 5th occupation that is likely to become millionaires. Sort of makes you wonder.
This needs to change as we have contributed to social security
And if you get divorced as a teacher your ex gets 1/2 your retirement
🤯 that sucks...they should explain this before they have you sign on the dotted line for a marriage license when you're young & naive🙄 No man on this planet will be taking 1/2 of my pension🤣😂😅 that's why I stay SINGLE
@@pearlperlitavenegas2023 You have to be married 10 years to get a divorced spouse’s social security. It doesn’t take away from the spouse’s SS at all.
@@chrischamberlain7628 I'm aware about Social Security I was referring to other Pensions....an ex spouse gets 50% of your 401k IRA Federal Employee Pension & many other government employment pensions Your payout gets cut in half!!!!
That's why I never got married.
Lessons learned. Low pay; and no social security means Teachers as a profession should be something to stay far far far away from.
You deserve better.
It's pretty much only California. Most states have teachers paying social security into the SS system instead of taking the money for their own pensions funds.
@@viviviv7325 Not true. Not in my state.
@@viviviv7325 Not in Massachusetts. The only teachers that pay into social security are teachers who work in private schools.
@@viviviv7325 - 15 states do not pay SS.
@@viviviv7325 No this is in 12 states. And some states pay into Social Security for their teachers.
Teachers in this country are treated like dirt.
do you think Teacher's Unions are to blame? Or, are we tax-payers not involved enough to ensure/monitor how are tax-monies are spent?
Yes, that’s why our children are in trouble
It's complete bs that this is going on. My Mom is in the same situation who is NOT going to get my step dads SSI after he passed away 2 years before being eligible to collect it. It's a double-edged sword.
that is a dumb law especially if they paid into it and not eligible to spouses benefits. WTF its simple. not the biggest fan of SS but if they paid into it they are entitled to it.
If it were not replace in a progressive manner (more to lower income folks) there would be no need for the WEP. The bend-points are not simple...
Little about SS is simple! Before 1884 SS was not taxable; 50% was made taxable at that time above a set income. Then in 1993, 35% more was made taxable above another income. Thing is those income were not indexed so more and more folks get the pleasure of paying taxes on SS.
This is so true. I am getting half of my Social Security. I worked and earned my 40 quarters after retiring. They penalized me and take 50% of my Social Security benefits from what I earned after retiring.
Save your money and invest in an IRA. Plan for your own retirement. Our generation is done and Social Security is dried up.
It's SO wrong!! My husband has been paying into Social Security for 60 years, and I won't be able to collect any of that. This legislation MUST change!! Teachers are already way underpaid!
outrageous
Blame Yourselves Not Social Security read the fine print before you vote on anything
Educators should be more valued in our society with out good teachers we as a country will fall behind.
Fix the title. This only affects teachers who have prior earnings which paid into social security. And it would benefit the state to keep them because teachers with outside experience tend to be very good,
I'm curious as to how much her pension is.
60% of her income at retirement (25 yrs times 2.4%)
Dam my mom's a teacher.. dis is wrong on every level!
lol your mom sounds like a terrible teacher. Look at your spelling
Claifornia has alot of archaic laws that need changed. This is why we cant build housing either.
see Cox, Faulconer, Elder ... they all understood this. Newsom comes from too much money so he just doesn't get it.
During pandemic, Sacramento unemployment agency - EDD mismanaged and paid $31 BILLIONS to fraudulent claims / criminals, It’s insane and irresponsible but Cali people continue to keep their lousy policy makers in the office…
WEP is federal law.
@@yankinwaoz i n t e r e s t i n g , and thank you for pointing this out
This is across the whole US, not just California.
Wow, there actually is a Republican who actually is doing something for people. Thank you Representative Davis of Illinois.
42 $. That doesn’t sound plausible. Glad she’s coming out with this news if it’s true…..because it doesn’t make sense.
Sell the California house.. probably worth millions
This will happen in Colorado, also, because as a state employee you only pay into Colorado PERA and not the fica social security tax.
No sympathy for State/Government/Union employees who at least have a retirement fund. Many of us in private industry have been digging into our retirement so we have no retirement saved up and must work until the day we die.
You probably voted Republican. Republicans hate pensions and unions. Most workers used to have pensions.
The government wants people who retire to just end it all.
Wow No Help from BIDEN for US Citizens that Deserves it BUT Help for Afghanistan Evacuees to collect $2000 Plus each Every Week ASAP..True & Fact..Beyond SAD
I sought high risk jobs that paid very very well over my life. My wife was the 'Steady Eddie' and worked a career in Nursing. In the meantime, we raised a successful clutch of kids who all obtained STEM degrees. We have retired early at 60 and are quite comfortable with 4 pensions and a very large 401K.
Not sure I would advise anyone taking the path I did, but for me, it paid off and I'm still alive and healthy. Without my wife's support, I don't think I could have done all that I did. It's a tough world out there and NO ONE is going to look out for your future if you don't. People could care less if you fall on your face and starve to death or die of a disease. Most people secretly would like to see you fail. Keep that in mind when getting advice from strangers.
Cross the southern border, get a free hotel, medical and food. Pay zero taxes too! What a deal!
That only happens when you cross south from Canada.
Well you people voted for this
How much per month is their pension?
It's depends. There's a calculation done based on the number of years taught and on the top 3 paid years. My Mom currently gets 1900/month plus it's still taxable income so she ends up with less.
Lol how ridiculous. Most own property. Don't bs!!
I google "teacher retired" thinking i would get heartfelt videos that make me cry.. instead i see this.. i LIVE in santa rosa ca.... my children go to school here ... no wonder they dont give a shit!
We could end pensions for teachers and get them into the SS system but the union says absolutely not.
Teacher didn't do her homework....
School Districts don't talk about WEP and GPO. Unions don't either.
Senator DiFi should act on this but she won't. Thanks Ronald Reagan.
shameful
When will people learn
Told you, social security is a scam. You can invest YOUR OWN money in something else!
I’m a teacher, I do lesson plans on my own time and I grade papers on my own time. I shop for supplies in my own time. I’m always working on something, busy 7 days a week. I come early and stay late. This is outrageous that after dedicating our lives to educating and nurturing others, we literally get nothing. This is just another reason the US is awful.
I respect your line of work. It's an absolute necessity for any civil society. And, might I ask, which Teacher's Union represents your team? If I was your Union-Rep, we'd probably ensure that none of that labor went unpaid ... ever.
How much per month do you get for your pension? Probably more than social security?
@@Me97202 California retired teachers who have worked 30 years can retire at age 55 with a huge pension & the greatest benefits. They end up being retired longer than they ever worked. You notice none of them say how much they get from their pensions on here. They want to double dip. They didn’t pay into social security.
@@chrischamberlain7628no longer; it's 62 and we don't get healthcare
@SuperBigblue19
1 year ago
They could of been enrolled in SS but the teacher's unions in some states opted out. So don't blame anyone but yourselves. You took the pension over SS. In the 1950s when the SSA was amended to allow state and local governments to enroll their workers. Teachers in Alaska, California, Colorado, Connecticut, Georgia, Illinois, Kentucky, Louisiana, Maine, Massachusetts, Missouri, Nevada, Ohio, Rhode Island and Texas were never enrolled in Social Security. The public employees (teachers, police, firefighters, etc.) in these states got a state-pension system instead.
Well, I didn't know is not an excuse. Especially for college graduates.
It seems we hate our teachers in the United States. JEEZLUSS! The unions did absolutely nothing to help their teachers. Stupid.
wow this needs to pass, thanks to that republican
"The culprit is the state (start paying SS for your employees), the employees (save that 6.2% your are not paying to SS), and the CFT for not informing teachers early and encouraging victimhood."
ONLY IN AMERICA
Teachers get pensions from the school systems. It was selected by the public employee unions in return for higher school pensions. In my state, Teacher's pensions after 30 years are equal to the social security i collect for working 48 years (41 of those years paying the maximum amount into S.S.)
from what I understand, and anyone here can pleeeeease correct me, I believe our CalPERS pension system is financially broke (like 0 dollars).
@@tulefogger5169 Completely false. It's the strongest pension system in the country. But California teachers have a separate pension system; they're not in the Calpers system.
@@eh3477 Teacher subs are covered undr CalPERS..if they become teachers they can keep their CalPERS pension and never move to CALSTRS (the regular teacher pension)... when they retire the can get their CalPERS and SSP without a problem..not the same case with the regular teacher pension CALSTRS.. the whole thing makes no sense.
Where are you from? There's a lot of inequity in teacher salaries across this country. Lots of teachers earning 6 figures in NJ ( veteran teachers); only administrators make that in my state. In the middle of the country, most teachers don't make 50k. And the pension systems are underfunded, poorly run and often bankrupt. The majority of teachers in the USA will not enjoy the retirement you describe.
@@franyo8014 Don't really understand how that could work, unless they are under a local agreement under CALPERS, as Calpers typically covers state agencies. Local jurisdictions covered under Calpers have separate agreements based only on their contributions to the system. Either way, yes, you can get SS for the years you paid into the system. I doubt that subs are receiving much from PERS.
This story is unbalanced. What you need to compare is what is received from the teacher’s pension vs what’s received via Social Security: Compare apples with apples. And go back and explain why this was considered double-dipping back in the 1970s and 1980s.
Look not all teachers spend their entire career in education - like this woman. Some work 15- 20 years in other work before becoming teachers - like a relative of mine. This means they won't get a full teacher's pension AND their social security benefits will be stripped to pennies, despite having paid into it for 1/2 their working life. Explain to me how that is fair?
@@8ofwands300 Good point..besides there are many weird cases where teachers started working as subs under CalPERS retirement (Calinfornia public employee retirenment program) once they became teachers they decided to never changed to CALSTRS (regular pension program for California teachers)... Under CalPers they can recieve Social Security and their CalPERS pension without any problems..but if you are under the regular CASTRS ( California teacher pension) you can not get SS pension....that makes no sense....
@@franyo8014 ugh! This double dipping law is a misnomer. Teachers are not double dippjng; in fact they are getting half the serving. And with what many of them are putting up with today, they deserve medals of honor.
@@8ofwands300 - The WEP only moves them up the bend-point curve. If I had a second job, I would not get replacement income starting at 90%. This is what they want, a deal better than everyone else.
Well why does the military get both teir pension and Social Security.
They could of been enrolled in SS but the teacher's unions in some states opted out. So don't blame anyone but yourselves. You took the pension over SS. In the 1950s when the SSA was amended to allow state and local governments to enroll their workers. Teachers in Alaska, California, Colorado, Connecticut, Georgia, Illinois, Kentucky, Louisiana, Maine, Massachusetts, Missouri, Nevada, Ohio, Rhode Island and Texas were never enrolled in Social Security. The public employees (teachers, police, firefighters, etc.) in these states got a state-pension system instead.
Well, I didn't know is not an excuse. Especially for college graduates.
"Educators" are not very.... smart. The law states that people must pay fully into the SS system. I have given 50 years of public taxes to the government and paid fully into the SS system.
Ugh
How can teachers not know since they don't pay into social security?
But this one did and so do many who pickup work outside of teaching. Did you miss that in the video?
That's not the issue. This woman worked elsewhere before teaching and did pay into Social Security. She wasn't aware of the " double dipping" law and its severe impact on her eventual social security benefits.
Sadly, because SS does not know about your situation (they are not receiving FICA, just like a non-worker), they have no way to know and can not inform you. In fact any statements will falsely imply you will make this much, It is the job of the teacher organizations to inform their members.
DUH...
1:20
You have to have had your head in the sand. We had meetings on this and posters up in the teachers lounge. WEP and GPO are unfair, Yes, but you really have to ignore a lot of information to end your teaching career not knowing what they are.
Agree that one should know their circumstances, but disagree that stopping the double-dip is wrong.
Seriously, this person has a financial IQ of near ZERO. All this, and she still lives in CA. No sympathy.
I Have no respect for either of you what u said is just awful and cowardly hope you don’t need help one day cause you not gonna get it
@@jeremyelliott9831 he’s 100% right. You need to stay on topic. Being emotional doesn’t solve this person’s money problems. Acting self righteous doesn’t absolve you from being financially ignorant. I know the point is completely lost on you
@@StrangreviewsTech is this woman cowardly for being part of the teacher Union for nearly a quarter century and never looked into her benefits before now?
Move out of that hell hole state
$42 a month that is so terrible.
She didn’t tell us how much she gets from her pension.
@@chrischamberlain7628 yes
The $42 is likely to be after her Medicare is covered.
that is disgusting
TIMETO MOVE TO ANOTHER STATE WHICH IS MORE AFFORDABLE!!!!!!!!!!!!!!!
Doug has a really nice view! Must be tough looking at that view everyday…..
By the logic in these comments the 90% in the private sector should be getting a public pension as they are paying out the @$$ to keep pension benefits flowing.
Well, they live in San Francisco.
Sadly, newscasters like to enhance the dark side; it's too bad they do not know enough to ask questions that would show the truth about how SS works and how it is treating teachers like everyone else. The culprit is the state (start paying SS for your employees), the employees (save that 6.2% your are not paying to SS), and the CFT for not informing teachers early and encouraging victimhood.
Social Security pays a benefit based on one's lifetime participation in the program. One's top 35 years of income is used to determine a monthly income (AIME) and that is applied to a progressive bend-points formula. The actual numbers are indexed and move each year; I will attempt to use amounts from 2022. The first segment (to about $1K) is replace at 90%, the next segment (from $1K to $6K) is replaced at 32%, and any additional is replaced at 15%. This progressive formula is the entire reason for the WEP. Teacher are not folks that only made about $12K/year, but that is what they want to be treated as.
"By law they are not allowed to collect SS" -- Hogwash! They get their non-gmvt income (AIME) replace at 40% for that first segment. My income from a second/additional job, would be replaced at 32% (maybe 15%), not 90%, or even 40%. They are ahead of normal folks.
"Ineligible from collecting almost all of the SS she had earned" & "I get $43/mo" -- The interviewer could have asked if her Medicare payment came out before that $43. That is what normally happens. If so, she's getting about $180. WEP will adjust a gmvt workers income about $500, but only up to 50% of the pension. It is hard to guess what her SS would have been and what her pension is, but she is having a hard time.
"Barred from collecting on husbands SS benefit" "I get nothing" -- Compare this to a normal dual-income couple; when A dies, B does not get both benefits, B will get the larger. The GPO stops the survivor from getting both the full benefit from yours and the spouse. Here again retired gmvt workers want a better deal than normal folks. The interviewer did not get numbers, but if he had a larger benefit, she would only loose the amount up to 2/3 of her pension. But that would have to exceed her benefit.
"15 states that are cut-off from SS" -- Many state have a pension for teachers and pay into SS. The 15 states should change.
"Adding another expense to SS" - Personally, I am not a big advocate of SS, I feel as if I could have done better if I had had the 12.2%, but I realize a lot of folks could not. So SS is like anti-old-folk riots. I also think the growth in SS (set by law at a very low fixed interest rate) is a huge part of the problem that SS is running out of money. But if teachers were not getting what the rest of us get, using the trust fund argument would be ridiculous.
"They paid money in ... are not getting that benefit" - It is a bit like cherry picking to want for certain years at certain jobs, where as the rest of us get to contribute at all jobs for all years.
"It is a lack of fairness" - Fairness is getting the same replacement at the same income.
Shouldn't be legal bull💩
They don't deserve that.
"If I wanted to spend all day going nowhere I'd be teacher." Said Mallory Archer.
Nice. Yeah let's disparage teaching because we are simply overflowing with wise and intelligent people in our country. Yeah let's just get rid of public schools and teaching altogether. 😐
@@8ofwands300 had a teacher in the 6th grade tell me I wouldn't amount to anything. Pretty fucked up for a grown up to be putting kids down at that age.
@@Lazyguy2112 I'm sorry you had a bad teacher. I had my share of lousy teachers too. But I don't disparage the profession because of the crap examples. In how many of these school shootings do teachers die protecting kids? And teachers are getting attacked and blamed from all directions these days. And now one political party is suggesting they're pedophiles!! I am related to many teachers and they are devoted to their students and the hardest workers I know - and underpaid. They work 24/7. But I am very sorry you had that experience. My brother had a similar experience - a teacher telling him he wasn't college material. In that era there was a lot of classism and we came from working class. My brother by the way got a Master's Degree. I hope you're doing well now. Don't give power to the idi@t who said that to you! 💗
@@8ofwands300 LAUSD just turned down a bill that would've had the police on schools campuses. It sounds like the board doesn't care about the protection of children or teachers. Last time I checked all of the governing body of the country has armed guards but the schools can't get any. It takes an evil individual with the knowing of "gun free zones" to go there willing and commit atrocities. Are you saying it's ok to be teaching 5-7 year olds about sexuality? You've got teachers coming to schools talking about their personal lives and beliefs rather than just teaching basic education.
@@Lazyguy2112 I don't believe you. I see comments like this all the time. Not true.
Let me guess, a liberal teacher gets what she voted for??? Oh so heartbreaking
Pensión reform
This is why we can't compete. This country doesn't respect education or educators who are interested educating.
My wife has the same issue working for the state. It is just not fair. She will work 35 years all together and will get little to non for money she put in SS. We did not know until too late.
She will get a 40% replacement rate, higher that I would get (32% or 15%) if I had a second/additional job. By the way, you will be eligible for a spousal benefit, but like most everybody, you likely make too much to get it.
This report is not completely true. Retired GA teachers CAN get all social security benefits. GeorgiaTRS retirement benefit is not reduced, or affected in any way, by a benefit you are eligible to receive from the Social Security Administration (SSA).
California teachers are paid the highest in the country, and have enormous pensions. Your complaints fall on deaf ears.
You’re a clown
California teachers are paid relatively well, but the cost of living is high. Their pensions are hardly enormous, and they pay a lot into the system.
i'd rather see social security going to these productive people than disability and welfare
@@thuggoe You need to correct what you say I understand that welfare should not be used for social security but for people with disabilities that's totally disrespectful there's many people out there who can't work they're blind they're deaf they're dying of terminally ill cancers are the cancers are they have some other kind of serious situation situation that causes them not to work
@@thuggoe Exactly! Especially considering that probably 50% or more disability claims are fraud.
I see, Santa Rosa where they just voted predominately against the recall of Newsom. Unless of course, if there was Dominion interference, then it just made them look bad.
Don’t we all love our governments 🥸
WTF????
THIS NEEDS TO BE FIXED AND ALL TEACHERS NEED TO BE REIMBURSED....
FIX THE PROBLEM....
OMG...
Eric Underwood class of 81 Downey High School California
This is why as a teacher, I am not going to retire. Although I will get Social Security although it will be subject to the windfall. Unfortunately, Republicans will never get rid of the windfall provision. Fortunately before I become a teacher, I worked for about 18 years so I will receive 1400 at age 64. But I am more fortunate than most. It is really disgusting that she can't collect her husband's Social Security.
THATS WHAT HAPPENS WHEN U TEACH FALSE DOCTRINE
@dapperdan8085
@dapperdan8085
2 years ago
Let me guess, a liberal teacher gets what she voted for??? Oh so heartbreaking