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Will Social Security swallow Railroad Retirement?
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[quote]QUOTE: <i>Originally posted by CSSHEGEWISCH</i> <br /><br />SSI is not Social Security. They are funded separately and have quite different eligibility requirements. The confusion is caused by the fact that when SSI was established, the Congress decided that the Social Security Administration would administer it since SSA already had a nationwide administrative structure in place. <br /> <br />The public also seems to have forgotten that Social Security was NEVER meant to be a sole means of support in retirement but as part of a plan that also included a pension from your employer plus personal savings. <br />[/quote] <br /> <br />Correct. Conversely, Railroad Retirement IS intended to be a sole means of retirement support as it includes both the Tier 1 (SS equivalent) and Tier 2 (Pension equivalent) AND contains very stringent prohibitions against gainful employment after retirement (except for a very minimal amount (about $2,000 annually). <br /> <br />LC
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