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Old 02-27-2011, 04:10 PM
 
1,528 posts, read 2,000,362 times
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Default Do teachers pay into Social Security?

Do NJ public school teachers pay into Social Security?

Do they collect Social Security upon retirement?

Can they collect both their pensions and Soc Sec?
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Old 02-27-2011, 05:09 PM
 
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Quote:
Originally Posted by Ann77 View Post
Do NJ public school teachers pay into Social Security? Yes 12% like everyone else

Do they collect Social Security upon retirement? Yes since they have paid into for their entire careers.

Can they collect both their pensions and Soc Sec?
Yes but again they pay over 20% of their salaries into them.
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Old 02-27-2011, 05:56 PM
 
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Quote:
Originally Posted by lkb0714 View Post
Yes but again they pay over 20% of their salaries into them.
What percentage do they pay into Social Security? I think it's 4% for the employee and 6% for the employer for 2011. Do they pay a total of 10%? Or do the school districts pay the 6% (the employer portion)?

How does it add up to 20%?

Last edited by Ann77; 02-27-2011 at 06:11 PM..
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Old 02-27-2011, 06:04 PM
 
Location: The place where the road & the sky collide
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Quote:
Originally Posted by Ann77 View Post
What percentage do they pay into Social Security? I think it's 4% for the employee and 6% for the employer. Do they pay both a total of 10%? Or do the school districts pay the 6% (the employer portion)?

How does it add up to 20%?
Teachers pay social security like most employees in this country. Why are you asking?
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Old 02-27-2011, 06:08 PM
 
Location: Holmdel, NJ
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Quote:
Originally Posted by southbound_295 View Post
Teachers pay social security like most employees in this country. Why are you asking?
someone in another thread said something like most public employees dont pay into social security.
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Old 02-27-2011, 06:09 PM
 
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Quote:
Originally Posted by southbound_295 View Post
Teachers pay social security like most employees in this country. Why are you asking?
Every state does this differently. That's why I was asking about NJ specifically.

I still don't get how this adds up to 20%.
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Old 02-27-2011, 06:09 PM
 
Location: Holmdel, NJ
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Quote:
Originally Posted by lkb0714 View Post
Yes but again they pay over 20% of their salaries into them.
wow! a whole 20%!!! thats sooooo much! its amazing how people pretend that is a significant number. i pay 100% of my pension. i believe most private sector workers are lucky to get any match, but maybe its a partial match up to 5% or so.
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Old 02-27-2011, 06:10 PM
 
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Quote:
Originally Posted by CaptainNJ View Post
someone in another thread said something like most public employees dont pay into social security.
Yes, I think there is a perception out there that teachers don't pay into Social Security, and I wasn't sure if that was true or not.
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Old 02-27-2011, 06:28 PM
 
Location: Ocean County
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Quote:
Originally Posted by CaptainNJ View Post
someone in another thread said something like most public employees dont pay into social security.
Police and fire do not pay into social security and we don't have the option. Hence no social security. We pay 8 1/2 into our pension. Myself for close to 35 years. I pay medicare tax as that is required. I pay about 17 percent of my medical. I'm not complaining and I think it's a decent deal. But some people think we pay NOTHING.
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Old 02-27-2011, 08:11 PM
 
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Quote:
Originally Posted by Ann77 View Post
What percentage do they pay into Social Security? I think it's 4% for the employee and 6% for the employer for 2011. Do they pay a total of 10%? Or do the school districts pay the 6% (the employer portion)?

How does it add up to 20%?
Between social security and pension, the teachers in my district are paying 20% of their salaries towards their retirement.
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