WEP and the Post Office
The Post Office is behind this push, so it might actually have some legs (from July):
As we celebrate our nation this summer, what could be better than honoring and respecting our public service workers – postal workers, teachers, police officers, firefighters, foreign pension recipients, and many more – who have tirelessly fought to be free from unjust penalties? As we have done in past years, retirees recognize the anniversaries of Social Security signed into law in August 1935 and Medicare, which was signed into law in July 1965. For 48 years, any retiree paying into Social Security reaped fair and equitable benefits from Social Security. Unfortunately, over the last 40 years, millions of retirees no longer celebrate the anniversary of Social Security because Congress enacted the Government Pension Offset (GPO) in 1977, and the Windfall Elimination Provision (WEP) in 1983.
The WEP reduces Social Security benefits for workers that pay into the Social Security system, but who also worked additional job(s) that did not pay into Social Security.
We wrote back in August about the push to get this elimination provision voted on before the election. Obviously, it's used to drive votes while little is actually done to move it, but the USPS brings some heft to the table.
Labels: pension
posted by SCC at 12:01 AM
16 Comments:
The most pernicious lie in American history is "Social Security is an insurance program, that people deserve to get some sort of return from, and not a welfare program for old people."
It’s only fair for the people who paid into it, to receive benefits.
Thank you, thank you all!
The APWU union supports the Social Security WEP but they endorsed KH campaign. https://apwu.org/news/elections/apwu-national-executive-board-endorses-vice-president-kamala-harris-next-president
The same old BS every election cycle. And it never gets called to the floor for a vote.
Rostenkowski Never forget that POS.
Got on the job in 86. Retired in 2018. Been hearing about this going back to 86. I've known guys who got on late and put years into SS. They can still collect but only get pennies for the dollars. Let's say your benefit should be four grand a month. Thanks to shithead Dan Rostenkowski you'd be lucky to get 200 bucks a month. Not even enough for a decent night at a suburban casino. The country is broke. We now have our new illegals to feed. This will NEVER happen.
The Man Who Saw Tomorrow Says:
Windfall Provision is totally, 100% UN Constitution. Demand it be reviewed by the Supreme Court, and thrown out, with reparations for all the aggrieved parties and their families. Stop taking dictatorial shit off these thieving punk Politicians.
Learn from my mistake. I one of those public employees that the left hate. I am retired from two public safety retirement funds, combination of 37 years. I also have 15 years in state teachers. I have 40 quarters of SS, mostly from part time jobs and a couple of years prior to joining the cops. Before everyone jumps on me, I have my own reasons for still working at 75.
So, here is the lesson. I knew I was not going to start drawing my state or teacher retirement until I reached 70, and I didn’t research the effect of windfall on my SS if I waited until 70 to pull my SS. So when I figured out that I was screwing myself I started pulling SS at 66. The amount was not a lot, about $800 or so. When I retired from state systems at 70 they reduced my SS to $400. What I should have done is started drawing SS at 62 which would allowed me full benefits for four more years.
I not bitching too much about the windfall. Over the years I contributed about $50, 000 to SS, and now they pay my Medicare and kick me $175. a month. I think I will break even.
Keep the line moving.
Where is Rostenkowski's grave?Some old retired guys have something they want to do.
Congressman Mike Johnson is holding this up and won’t call it for a vote. He’s a Republican.
This was supposed to be delivered a few weeks ago, but the USPS lost the package and was late in making the final delivery. Imagine that.
Lip service. Never been called for a vote. I get so little I have learned not to care about it.
I was advised by my financial advisor to start collecting as soon as I hit mandatory retirement at 63. I clear $750/month. Makes sense to collect as soon and as long as you can as long as you're getting screwed.
The WEP deal they are talking about is like the Student loan forgiveness, its all bullshit for votes and distraction we all get played again
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