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Your Social Security Money Going Overseas to Foreigners and Social Security is working to send more!!!
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Social Security
Your Social Security Money Going Overseas to Foreigners and Social Security is working to send more!!!
<font face="arial, helvetica, sans-serif" size="1"><div>You worked hard for it. Now talk to others on how to save Social Security.</div></font>
Did you know we pay 500,000 foreigners social security benefits? Did you know that social security has a foreign office that works to provide U.S. Social Security foreign payments to new co
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Cat:7a9899c6-bb01-48a5-bd56-e73d9d7e3998Forum:17f83b76-a805-4002-b497-6dbb421b0b8aDiscussion:3fa20548-2c77-4810-a4bf-8cf7be95d0e5
Forums » Work & Retirement » Social Security » Your Social Security Money Going Overseas to Foreigners and Social Security is working to send more!!!
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Your Social Security Money Going Overseas to Foreigners and Social Security is working to send more!!!
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Your Social Security Money Going Overseas to Foreigners and Social Security is working to send more!!!
posted at January 18, 2012 11:49 AM EST
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Posts: 20
First: January 18, 2012 Last: August 19, 2012 |
Did you know we pay 500,000 foreigners social security benefits? Did you know that social security has a foreign office that works to provide U.S. Social Security foreign payments to new countries each year? India and Mexico are already in talks for their nationals that have worked in the U.S. to receive U.S. Social Security benefits. Most people are not aware of this and should be a major point of political discussion. Social Security has already "negotiated" with 22 countries for their nationals to get U.S. social security benefits. More are planned on the way. Take action to stop/reverse this, ask your congressman/senate representative to stop the payment to foreign nationals of OUR social security. We are depleating the funds because of less and less taxes going into the system and we are further depleating them by paying foreigners our money? How can we allow this to happen? It is known to very few people that Social Security has it's own international office and conducts it's own foreign international agreements so that foreigners that have worked in the U.S. can get U.S. social security benefits. Now there are some serious issues to consider, we are not only giving benefits to foreigners through the negotiated agreements conducted by SSA, we are giving them benefits even if they do not work the required 10 years (as all Americans must do in order to collect benefits). The agreements provide that the U.S. agency takes into account the years of work the foreigners have had in their country and combined them with the U.S. years of work to calculate a U.S. benefit. I wonder why this is not widely publicized and how can the agency negotiate these international agreements without public scrutiny? Our system is going bankrupt and they are working to give out more benefits to foreigners? Their work is ongoing and has not stopped despite the latest fiancial problems that have been plaguing our country. Please educate the American public EXPOSE this prevailing and catastrophic problem to our social security. Thank you for listening. Dorothy Grunewald |
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Re: Your Social Security Money Going Overseas to Foreigners and Social Security is working to send more!!!
posted at January 18, 2012 1:16 PM EST
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Posts: 20
First: January 18, 2012 Last: August 19, 2012 |
http://www.ssa.gov/international/totalization_agreements.html There are actually 24 agreements to pay foreigners U.S. social security benefits. There is an ongoing plan to not only conduct more agreements but to also redo the old agreements to give out more benefits. The largest percentage of Social Security goes to the people that have paid the least into Social Security. Americans still have to work for at least 10 years to receive social security. Foreigners have to work 1 1/2 years in the U.S. in order for them to qualify for U.S. social security benefits if they are under the 24 countries where we have the negotiated agreement. Since the foreigners have not paid that much into our system, they get the most in the long run vs. an american citizen that paid into social security all it's life but did not earn a lot. Do your research on this and find out more and help me save our social security from being squandered by idiots who do not care or do not need social security in their retirement. |
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Re: Your Social Security Money Going Overseas to Foreigners and Social Security is working to send more!!!
posted at January 18, 2012 1:31 PM EST
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Posts: 1924
First: November 27, 2011 Last: May 31, 2013 |
In Response to Re: Your Social Security Money Going Overseas to Foreigners and Social Security is working to send more!!!: http://www.ssa.gov/international/totalization_agreements.html There are actually 24 agreements to pay foreigners U.S. social security benefits. There is an ongoing plan to not only conduct more agreements but to also redo the old agreements to give out more benefits. The largest percentage of Social Security goes to the people that have paid the least into Social Security. Americans still have to work for at least 10 years to receive social security. Foreigners have to work 1 1/2 years in the U.S. in order for them to qualify for U.S. social security benefits if they are under the 24 countries where we have the negotiated agreement. Since the foreigners have not paid that much into our system, they get the most in the long run vs. an american citizen that paid into social security all it's life but did not earn a lot. Do your research on this and find out more and help me save our social security from being squandered by idiots who do not care or do not need social security in their retirement. Posted by DorothyG01 I fail to see the problems with this - This goes both ways. Foreign workers here and American workers there - From the SSA website that you linked: 'International Social Security agreements, often called "Totalization agreements," have two main purposes. First, they eliminate dual Social Security taxation, the situation that occurs when a worker from one country works in another country and is required to pay Social Security taxes to both countries on the same earnings. Second, the agreements help fill gaps in benefit protection for workers who have divided their careers between the United States and another country." |
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Re: Your Social Security Money Going Overseas to Foreigners and Social Security is working to send more!!!
posted at January 18, 2012 2:00 PM EST
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Posts: 20
First: January 18, 2012 Last: August 19, 2012 |
In Response to Re: Your Social Security Money Going Overseas to Foreigners and Social Security is working to send more!!!: In Response to Re: Your Social Security Money Going Overseas to Foreigners and Social Security is working to send more!!! : I fail to see the problems with this - This goes both ways. Foreign workers here and American workers there - From the SSA website that you linked: 'International Social Security agreements, often called "Totalization agreements," have two main purposes. First, they eliminate dual Social Security taxation, the situation that occurs when a worker from one country works in another country and is required to pay Social Security taxes to both countries on the same earnings. Second, the agreements help fill gaps in benefit protection for workers who have divided their careers between the United States and another country." Posted by GailL1 I understand and the main issues are: 1- Our Social Security system is going bankrupt, why do we need to provide Social Security benefits to foreigners when they will get their own social security benefit in their own country? They could set up rules for their foreign governments to tax them on their U.S. earnings so that they can receive a benefits IN their own country from THEIR taxes. The reason they do this benefit is to help foreign countries get U.S. money and to help U.S. employers (big corporations), from having to pay taxes over seas. 2- Foreigners do not have to work 10 years (like most americans do) to receive U.S. social security benefits. Quote from the U.S. Social Security website: To qualify for benefits under the U.S. Social Security program, a worker must have earned enough work credits, called quarters of coverage, to meet specified "insured status requirements." For example, a worker who attains age 62 in 1991 or later generally needs 40 calendar quarters of coverage to be insured for retirement benefits. Under a Totalization agreement, if a worker has some U.S. coverage but not enough to qualify for benefits, SSA will count periods of coverage that the worker has earned under the Social Security program of an agreement country. http://www.ssa.gov/international/agreements_overview.html 3- Can we afford to do this? When we are asking if we should increase the retirement age and whether the system will be sustainable? 4- Social Security Calculations/Benefits are set up to provide the HIGHEST payment to the people that have paid "the least" amount into social security. Hence someone that had a maximum earnings would get less percentage wise than as if someone who has worked at a minimum wage job. Most foreign workers come in to do very low paid employment, so their calculations for benefits will be to receive a higher amount. 5- How many Mexican nationals do we have here working? How many workers from India? Canada? Europe? Versus how many Americans do we have working overseas? The exchange (if there is one), is by far to our disadvantage. We cannot continue to drain our social security and provide benefits to new people from foreign countries, and provide benefits to them that we do not to even our own U.S. citizens. 6- It's clearly a no brainer here, our funds are being depleted, we are in a crisis and you don't see a problem with us providing benefits to new countries, to people that work here for just 1 1/2 years? Hello? Is anyone else not getting this??? 
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Forums » Work & Retirement » Social Security » Your Social Security Money Going Overseas to Foreigners and Social Security is working to send more!!!
