>
Date: Sun, 11 Aug 2002 10:37:49 -0400
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US Social security is more than just retirement.
It is retirement, disability, family (which means, if you qualify, your family
qualifies, too, i.e. you get more if you have a family than if you are single,
up to 50% for each more), survivors (in case you die), and medicare (kind of
dealt with separately).
Now, remember, the US SS is still worse than the US. Survivor benefits in my
case is 1045 each for wife and daughter.... Given the state of SS in both
countries, better start saving now. IMHO, SS is just the icing on your
retirement cake.
And yes, I got some money back that I paid when on a J-1. Of course, these
years now don't count :-(. You need 40 "credits" to qualify for retirement
benefits in the US. You can get up to 4/year, thus the 10 years. But note, that
if you earn less than $3480/year, you will get less than 4 credits that year.
Louis
> -----Original Message-----
> From: owner-swiss-list_at_swiss-list.com
> [mailto:owner-swiss-list_at_swiss-list.com]On Behalf Of Philippe Passeraub
> Sent: Wednesday, June 19, 2002 9:59 AM
> To: Caroline Frey; swiss-list_at_swiss-list.com
> Subject: RE: swiss-list: Social security vs. IV/AI
>
>
>
>
>
> > ... My advice is, ..., don't kill yourself with double taxes!
> > There are much safer ways of investing your money!
>
>
> Don't forget, a really good thing about our social security system in
> Switzerland is not only the retirement part of it, but also its disability
> insurance! While it is still easy to postpone our worries of a situation in
> our life that is to happen in 30-40 years from now, and to forget about the
> legacy of our grandparents who started AHV-IV/AVS-AI, disabilities
> especially caused by a disease can concern anyone of us (incl. our family)
> at anytime. From my experience compared to the experience of american
> friends who are like me concerned by disabilities in the family (i.e. a
> disabled child), our swiss IV/AI system is really great and worth to have
> and to keep. Just 2 of many possible examples: The IV/AI is paying for the
> thousands of dollars in special equipment that are needed (e.g. wheelchair)
> and for the expensive drugs which are only partially reimbursed in most
> cases by health insurances in USA. Our american friends don't get the same
> support from any insurance. The consequences of this situation on their
> budget or on the quality of life of the disabled is of no fun at all.
>
> Does anyone know of any insurance system in the US similar to IV/AI?
>
> Thank you and have a good day,
>
> Philippe
>
>
>
>
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Received on Sun Aug 11 2002 - 19:07:35 PDT
