08-23-2013, 06:53 AM
quote:
Originally posted by macuu222
Alaska is the only state that opted out of Social Security over 30 years ago. I am probably the first generation of retirees from Alaska that worked for the state my whole life that will have absolutely 0 social security benefits (because I paid in nothing) including medicaid when I reach 62 1/2. (not there yet). But I do have a state pension with medical coverage for the rest of my life.
Railroad employees also do not take part in social security. When SS was started the railroad employees already had a better pension system so they are exempted by law.
Alaska is not exempt from SS. It may have been at one time, but isn't anymore.