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More on the Social Security Fairness Act - AMAC
As most who are directly affected likely already know, Congress has passed, and the President has signed, legislation which repeals a pair of decades-old Social Security provisions which affect benefits for those with a “non-covered” pension (“non-covered” means a pension earned without contributing to Social Security). This news elated some 2.8 million Americans who retired from a state or federal job where they were exempt from paying Social Security payroll taxes and who were affected by the Windfall Elimination Provision (WEP) and/or the Government Pension Offset (GPO) because they also earned Social Security benefits. But, what about the other 63 million or so Social Security beneficiaries who paid into Social Security for their entire career? Well, those folks are not affected by the new legislation, but the question of “fairness” has been raised by opponents, one of whom is retired from the federal government. The author of this article - a retired Social Security employee - believes that the new legislation is little more than a “wrongheaded boondoggle” and is anything but “fair.” Tom Margenau, himself affected by the legislation, offers his assessment of the Social Security Fairness Act in this article published by the Association of Mature American Citizens (AMAC).
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.