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New WEP fix introduced in Congress, again
John Sullivan describes legislation introduced by Rep. Richard Neal (D-MA) to change the formula for Social Security’s Windfall Elimination provision (WEP). Public employees in the handful of states who did not make payroll tax contributions through those jobs but had Social Security earnings (and thus contributions) in an earlier or later career are hit by the WEP. The “fix” here is to be sure no one loses any more, and there are even $150 per month relief payments in this bill. Read piece here.
Note: AMAC has fought for WEP repeal or reform for years but prefers it be part of a more comprehensive overhaul of Social Security to make the program financially solvent over the long term. WEP repeal or reform does cost the Social Security Trust Fund money. Not covered in this piece is the Government Pension Offset (GPO), which experts tend to agree is even more onerous in how it penalizes. AMAC’s Social Security Guarantee is here:
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Retired law enforcement I payed into social security for over 50 years on side jobs I should be allowed to receive what I paid for that’s all I am asking for they took my money but never sead o bye the way you will only receive one third of what you paid for
Herb:
As noted in the article attached to the post you’re commenting on, another bill to address changes to the Windfall Elimination Provision (WEP) rule was introduced in the House earlier this month. AMAC Action is currently evaluating this bill (H.R. 2337 introduced by Rep. Neal, Richard (D-MA-1) and will likely take a position on it in the next few weeks. This bill, of course, has been introduced in congressional sessions, with no action. AMAC’s position in prior reviews of this matter has been support for repeal or reform, although our preference is that it be part of a more comprehensive overhaul of Social Security to make the program financially solvent over the long term. Stay tuned to AMAC channels for more information as this bill moves through Congress.
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Gerry Hafer
AMAC Foundation
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