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A Rocket Startup That’s Not SpaceX Just Raised $1 Billion. Workers Near Retirement Can Get Richer on Paper Without Adding $1 to Their Social Security Record
Source: 247wallst.com
Private Markets & VentureFiscal Policy & Budget
A startup engineer’s share of a billion-dollar funding round may increase paper wealth without increasing the compensation used to calculate Social Security benefits. The article attributes the difference to Social Security’s treatment of paper gains versus actual compensation.
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