Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
Best Of Politics | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search Politics
Shrewd'm.com Merry shrewd investors
Best Of Politics | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search Politics


Halls of Shrewd'm / US Policy
Unthreaded | Threaded | Whole Thread (3) |
Author: Lambo   😊 😞
Number: of 48466 
Subject: Re: Self Serving Legislation
Date: 11/24/2024 4:47 PM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 2
Well, Mike-

Currently, the WEP reduces the earned Social Security benefits of an individual who also receives a public pension from a job not covered by Social Security. For example, educators who do not earn Social Security in public schools but who work part-time or during the summer in jobs covered by Social Security have reduced benefits, even though they pay into the system for enough quarters to receive benefits. Likewise, the GPO affects the spousal benefits of people who work as federal, state, or local government employees — including police officers, firefighters, and teachers — if the job is not covered by Social Security. The GPO reduces by two-thirds the benefit received by surviving spouses who also collect a government pension — often offsetting benefits entirely.

According to a new report from the nonpartisan Congressional Research Service, the WEP currently impacts more than 2.1 million Social Security beneficiaries, and the GPO impacts nearly 750,000 retirees. More than 300,000 American retirees are impacted by both the WEP and the GPO.


IN that context it doesn't seem unfair.

https://spanberger.house.gov/posts/spanberger-grav...

Post New | Post Reply | Report Post | Recommend It!
Print the post
Unthreaded | Threaded | Whole Thread (3) |


Announcements
US Policy FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Best Of Politics | Best Of | Favourites & Replies | All Boards | Followed Shrewds