Vice President Joseph R. Biden Jr. announced last month that Social Security beneficiaries will get one-time $250 stimulus bonus payments beginning in May.
He didn't mention that he will be one of the recipients.
The annual tax returns for Biden and his wife, Jill, released last week, show he began collecting Social Security benefits in 2008. He became eligible for full benefits in November when he reached age 66. ...
Former Vice President Dick Cheney, who is a year older than Biden, did not list any Social Security income on his final financial disclosure statement filed a year ago.
So what? He is entitled to collect. This is because although social security was supposed to provide benefits to help replace income LOST at retirement, Congress chose to allow those of full retirement age (currently 66) to collect benefits no matter how much they are earning from work. This is fine if the American public wants to pay retirement benefits to those who aren't retired but it seemed a strange thing to do when Congress keeps avoiding taking meaningful action on solvency issues. More evidence of the lobbying power of the AARP.
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