General Discussion
In reply to the discussion: Social Security and the life expectancy meme: the age of SS cutting is upon us again. [View all]drmeow
(5,043 posts)rather than what is essentially a pension. We know how the Republicans treat welfare. We start with a reasonable means test now but pretty soon it is like minimum wage - with the limit stuck in the dark ages. It is a dangerous and slippery slope. It also violates the contract under which we paid into the system. Means testing turns it into a tax for people as opposed to a retirement contribution.
While he may have drawn out every penny HE put in in less than five years, that does not account for the money his employers put in! I don't know if this has changed over the years but my employer current puts in 3 times what I put in. That means, if you add his employer's contribution (same as any matching he got in his retirement - but more), his contribution should not have been completely drawn out for almost 20 years, not 5 years!