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Social Security and Pension Fund Question

Topics: Help: Social Security and Pension Fund Question


Saturday, August 18, 2012 - 01:35 am Click here to edit this post
As corps and government can be given seperate salaries the descrepetency can be large. So if your average salary for LLW is higher than the % of social security of the LLW is the difference compensated?

Example: government salary LLW-15k (250), average salary LLW-30k, with a social security at 80% (fake #'s). Then Social Security pays out um 30*.8=24k. Do government workers recieve 9k dollars to subsidize that income, or does it allow unemployed people to make more then them?

The reason for this question is rooted in me not paying attention for a long time to this. Now I have a country with around 170 for Social Security score. Which is inpractical, I'm sure it drives welfare to some extent. But as the index got so large if Social Security doesn't compensate underpaid workers then it could be worth it to keep the high score, but if it compensates then the savings would be immense by dropping it.

Related Question that only employees can probably answer the pension fund pays 10% of the average LLW's for LLW's. If the underpaid are compensated then do they pay 10% of their base pay or the sum of their benefits? Also from how it appears even if LLW's make as much as Doctors they would still only pay 10%. Is this accurate? If it is accurate then is it safe to assume that their investment in IF, spending by the population, education income, and health income mirror this? If they do only pay a % to each of these institutions then what do they do with the remainder of their money that is overpaid? Depending on the answer, does money disapear?


Monday, August 20, 2012 - 12:05 am Click here to edit this post
bump, if no one posts this time I'll just assume no one knows


Monday, August 20, 2012 - 12:23 am Click here to edit this post
For part one I think you have to assume that people would rather work for any money rather than get more in benefits. If only that were the case R/L here.

As for part 2 I dont understand the question really. What do LLW have to do with pension fund pay outs? and what 10% are you talking about?


Monday, August 20, 2012 - 04:27 am Click here to edit this post
LLW's pay 10% to the pension fund, it says they do on social security cost page, then it goes up from there, not saying how much. So the question then becomes do they pay on their actual salaries or the average payout of their professions? And a slew of questions rise from that. Including if LLW's and Doctors make the same amount who pays more to the pension fund? Though it doesn't seem that important but if other areas of citizens contributions mirror this then it can be quite substantial.


Monday, August 20, 2012 - 12:02 pm Click here to edit this post
I think you read it wrong. The percentage (10) of LLW pay is the amount that each receiver of a pension gets. And I reckon it would be based on a working LLWs salary, though it doesnt seem to atm.
This is my understanding of it. I dont think it has ever been really clarified since I have played, even people like Laguna (who knew the game inside out) have asked.

I wouldn't take too much notice of the pension fund figures atm as the GM are adjusting it down and its not stable yet, seems to me.

Ha, sorry Drew, but at least I tried to work it out with you.


Monday, August 20, 2012 - 08:09 pm Click here to edit this post
yeah, well out of everyone who comments frequently I can't think of a more informed person to answer than you. so... Thank you

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