Vegetable Signs WEP Bill
- President Joe Biden on Sunday signed into law a measure that boosts Social Security payments for current and former public employees, affecting nearly 3 million people who receive pensions from their time as teachers, firefighters, police officers and in other public service jobs.
Advocates say the Social Security Fairness Act rights a decades-old disparity, though it will also put strain on Social Security Trust Funds, which face a looming insolvency crisis.
The bill rescinds two provisions — the Windfall Elimination Provision and the Government Pension Offset — that limit Social Security benefits for recipients if they get retirement payments from other sources, including public retirement programs from a state or local government.
For those keeping track, it doesn't effect anyone who only paid into the pension. But for those of us who had jobs prior to CPD and paid into Social Security AND/OR worked side jobs that paid into Social Security, it restores what we had earned.
It ain't going to be much, maybe a few tanks of gas. But every nickel counts after the ruined economy of the past four years.
Labels: money questions
posted by SCC at 12:01 AM
70 Comments:
Plus this signing will also affect spouses who are entitled to SS payments of a deceased spouse.
Benefits beyond just the cash. Look at the people running government programs, true believers who swallow any and all progressive nonsense. A newly minted attorney who starts at DoL as a 23 year old clerk, even if she works her way up to Sr. Csl, will never have the benefit of experience of a lawyer who practices in the real world where clients aren't guaranteed to stick with any firm and who will actually have to be concerned with the costs of litigation.
It might be nice to see if government could recruit some of these real world types, be they lawyers, public health doctors, or accountants, who knows, maybe things could improve for tax payers.
But if those types knew they would take a hit to their SSA benefits by going into government service and getting any pension, well, only a fool would do so.
Now, maybe, we can get some people who have a clue to come into public service.
My full Social Security age is 67, but I might as well take it early before it goes belly up.
Mushbrain forgot that Trump's victory certification was scheduled for Monday at the same time!!!
It ain't going to be much, maybe a few tanks of gas. But every nickel counts after the ruined economy of the past four years.
Or a couple of cans of cat food...
Yee Ha. This is a moral victory more than anything else,
only those that were stolen from can fully appreciate it. I thank
those who stayed in the fight for 40 plus years.
Let the Niles river flow
As the saying goes, I earned it so now "fuck you and pay me"!
The 7k more a year I’m going to get is more than a few tanks of gas.
You can actually estimate how much you'll get. Go to SSA.gov, look at the calculators, input your social security wages (you get those when you sign up with my social security) . Put the age when you started social security, either at 62, or whatever age you took it. You'll then get the estimate w/o the WEP. For me, it around it's an additional 450 monthly. The Max you can be punished in 2024 is $587 monthly.
Hopefully Conehead see's this...and smacks a tax on it....
It's the Chicago way....
Um...ok great. The question now is how much in federal taxes are we going to have to pay to keep this entitlement going? It's amazing that all those (like myself) that voted for Trump to decrease the size of the federal government are cheering this on. In the end these are just more government handouts and Social Security is a pyramid scheme. (I guess we'll see 10 years from now when we look at our federal tax returns.)
Remember boys and girls there's nothing more expensive than free money from the government. If the Feds are going to take 4-8% off the top of each paycheck (including your pension check) is this really worth it?
If your lazy ass never paid into it you should be happy your getting a tank of gas. For others that paid into ssi and got dinged in the end it's been a long wait to reverse the theft of our funds.
It's too bad the retro is limited.
It should be at least an extra three hundred a month, which will be taxed.
Minimum Social Security benefit in 2025 is about $50 per month.
Even if you didn’t pay in, you can get a monthly check if your ex-wife qualifies for one. And it doesn’t diminish her payments. The magic number is 10 years of marriage.
“ For those keeping track, it doesn't affect anyone who only paid into the pension.”
Bullshit. It drains the “trust fund” faster which will result in reduced benefits and/or higher higher taxes for everyone else. WEP existed for a very valid reason, given how the Social Security bend points are calculated and affect benefits, and how public employees are exempt from SS taxation.
This is a pure gift to the public employee unions. Another giant FU from the public sector to the taxpayers.
Detractors will say that this fairness will shorten the life of social security by 6 months.How many years was social security extended by the theft of benefits over many years of people who worked more than 1 job to make ends meet?When this scam was passed by the Dan Rostenkowski led(speaker of the house)the congresspeople at that time conveniently left themselves unaffected by this legislation.I guess they were not public servants.Senior citizens jumped on the hood of his car at the Copernicus Center after he left a event there in protest.
Will KJ get a retro check for 20 years of stolen social security checks in his dead mothers name.
I worked 12 years before CPD worked side job during 2 days a week. I’ll get 2743.45 a month or 32921.40 a year. Works out great
If overtime is not pensionable, why arent social security taxes taken out?
Are you confused? This law only affects government employees that paid their hard earned money into social security. I owned a small business. I paid in both sides of the social security payment, about 16%. I worked side jobs. This is a benefit that I paid for and was taken away because some people thought our pensions were too generous. This is not a gift. Only people who WORKED are entitled to it. How about this, they only pay you a percentage of your pay?
“Trust Fund”, been paying SS since 16 YOA, think I earned the benefits. Stroke
Trump supported the passing of HR 82.
Amen
Regan was the president that signed it
It was enacted in 1983. So, the Dems stole that money for 42 years. I lived in 016. The Polish Copernicus Center attendees literally chased Rostenkowski down Milwaukee avenue when he announced this. The worst part was he exempted Congress from being included!It was a Karma-got-him when this prick went to jail for Stealing Stamps from Congress. His home on Damen had people out there cheering!
you know what drains the fund.... people who never worked a day in their life, yet they claim to be "handicapped" because they are drug addicts or alcoholics
I worked for my pension and my social security,,, it's called working 2 or 3 jobs not just police
You do realize this is a prelude to eliminating municipal pensions right? Or do you think you get two bites at the apple?
$50.00 a month? Why do I after medicare get only $5.00 a month???
Entitlement and scam? Some of you are really stupid. For those of us who have worked in other careers or part time jobs while we were on this job, we are getting what is owed to us. We actually paid into SS. No one is giving us anything extra. We will not be responsible for draining SS. By that logic, all of us are responsible for the money issues this city is going through because we get a pension. Are you going to say it's different because money is taken out of our checks for our pension? It's not different because we fully paid into SS via money taken from our paychecks from other employment. Take your frustrations out on the welfare scammers, illegals, money thrown at other countries and corrupt politicians. That's what's draining our country.
Educate yourself. You have no idea what you're talking about.
What 'trust fund'??? It doesn't exist. It is a fiction/accounting gimmick. All of the 'trust funds' are in the general ledgers. Nothing is segregated.
Agreed this is more then a few tanks of gas for a lot of yes this is definitely going to make retirement better
It should be 2/3 more
Your SS will be fine, Medicare not so good.
Actually, it is the mismanagement by the government that is the issue. Don’t blame people that paid into Cupcake. I take it you will get nothing. Take your ball and go home!
Please go back to your safe room and play with your GI JOE doll, mommy will call you when your peanut butter and jelly sandwich is ready
Some said this would never happen in a lame duck session….well it did, this is great.
I can't believe he actually signed it...He's still the worst president ever.
Dan Rostenkowski's legacy is saved...
They took the full social security amount from my checks before I got on the job/side jobs. So, give me my full earned benefits. I don’t like the idea of social security in general, but, since it’s there and they took the money from me, fuck you, pay me. This was the federal governments idea, this was their plan, don’t blame public employees who paid into it through private sector jobs for demanding they get what was promised. It’s 2 separate piles of money that have nothing to do with one another. If I paid into my pension for 20 years working for the city, and also worked another 20 years in the private sector and paid into SS, what does my pension have to do with my SS? Nothing. Federal government took my money against my will with the promise they’d pay me when I get old. So, I reiterate, fuck you, pay me. Push for a bill that reimburses public employees the percentage they’re being penalized for having a pension. But they won’t do that, they want to take the full amount from my private sector checks to help fund everyone else and pay me a reduced amount. Fuck. You. Pay. Me.
Entitlement is illegals TAKING from this fund without ever putting anything into it. Stop the fraud and there will be plenty of money to fund it!
Also the bust outs with bad backs, lazy bone ides, etc
Very important part. Our pension gives spouse 50% of our pension if we die. Imagine if Rosty took that out
It ain’t rocket science if one paid in then one should get back whatever it is they have coming
Don’t be so negative. It does and will affect your health and longevity.
Wonder how YOU feel about BILLIONS to Ukraine and MILLIONS to ILLEGALS, Wake up, people paid into social security and earned every penny!!!
I am sorry U didn’t work any side jobs in your 30 yr career. Don’t hate people who did.
Why shouldn't I get SS If I paid into it before CPD?
With this my wife and I both recently retired CPD we will pull in over 200 K. This does not include defferd comp income Thanks for getting this passed.
Ted Kennedy was the Cat in the Hat that visited upon the USA one rainy day Oct. 3 1965 Immigration Act. Out of his Hat Sprang Thing 1 Clintons, Thing 2 Obamas & Thing 3 Biden/Mayorkas. 15% of all Social Security Payments Goes to Disability Checks.
Every human that signs up at a S S Computer Portal anywhere on Earth will get a Disability Check [Credit to a Bank account in their control].
They buy widgets & shoes, Cling Clangers for fools, Sugar loaded bread to swell their Fat livers too, Oh what tools-- Of those American working for their Gruel. Greek Pensioners got a small taste when they got Cat in the Hat-ed
Wait a minute is it too late to get the stupid check? I remember half the shitheads were getting SSI for being stupid. We worked as cops for a corrupt DEI city, we qualify for the stupid check. None of the shitheads or their families ever had a job so they never put a penny into it and they gots paid. I.want my money.
Relax you salty dog. CLEARLY youre mad that those of us who have protected you and your family and have PAID INTO S.S. either prior to or during our law enforcement career, will no longer be treated like stepchildren and will receive what WE'RE ENTITLED TO. If you have a problem with the 6months this bill supposedly speeds up S.S. insolvency, how bout you go complain about all of the able bodied folks who collect checks claiming they have disabilities or are crazy and can't work
To Mr not much just a couple extra tanks of gas or a couple extra cans of cat food you are very wrong..For some Officers who paid into social security for years before coming on this job while making good money this is a Hugh Win and the monthly social security check is going to way bigger than you think
I agree with the earlier poster who wrote "Fuck you pay Me..!"
Entitlement??? I paid into the scheme for over 40 years with pre-department and post-retirement S.S. "donations". I get a 60% deduction in what would be a normal Social Security payment. Get a grip, the Dems keep telling you this will bankrupt the "Social Security Trust Fund". There is no such thing. Money taken from the "Fund" to balance the budget. Does the government every run out of money to pay welfare payments?? SSI?? paying drunks and drug addicts who have never paid a dime into S.S??
First it was voluntary, then they confiscated our money, no choice. Not to be taxed, then it was taxed. We had a trust fund, now we don't. This is not free money. The boys and girls remember.
So, my friend. They can pay me the money I and my business and employers paid into. This is not a charity, they owe me, pay me! Over $800 -$1200 per month for 13 Years. I'll pay the taxes. Give me My Motherfuckin money!
Read a few updates on this. Typical crap reporting reads we are getting thousands individually, not collectively.
Who is the Rostenkowski you speak of?
Amen brother
Right you get what you earned. No piggyback on this one.
This is outstanding!
I got up and went to work special in Cabrini or Robert Taylor homes. I got up early and rode the red line and buses for bucks to pay tuitions and send my kids to college without student loans. Fuck the government I paid my share give me what I legally earned. Not stealing stamps or selling jobs or any other scam the political scum pull off Remember guys there are outsiders who post on this site just to get a reaction.
Oh' man! that would be a kick in the dick to have all GOV. pensions [CalPERS etc.] thrown into a S S bogus Fund Scheme. Lot Fund Managers along with Buffet & Citadel would shit.
Trump better open all borders we are going to need a bigger working slave class if CTU retired teachers want to stay at 5 Star resorts and not in a Tent at Jellystone campground.
yes we have some enemy combatants inside the wire here
I retired from CPD in 2017. I worked since I was 16yo and always worked a few part times. Today I still work a part time and pay into ss. Give me what I earned. Thank you to all who fought for us!
If you didn't pay into social security like the bust out you are yes maybe a can of cat food,
You're hoping we get taxed??? What a jagoff!
I'm willing to bet you've overestimated how much you'll receive. Not gonna happen
No....I don't realize it moron.
Rosty was a congressman from illinois and was democratic speaker of the house at the time this bill (wep and gpo )was passed.He eventually went to prison for theft.That is his legacy.Thief.
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