Politics and Government Politics and Government
Fri, December 27, 2024
[ Fri, Dec 27th 2024 ] - MSN
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[ Fri, Dec 27th 2024 ] - MSN
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[ Fri, Dec 27th 2024 ] - Investing
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[ Fri, Dec 27th 2024 ] - Reuters
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[ Fri, Dec 27th 2024 ] - Reuters
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[ Fri, Dec 27th 2024 ] - MSN
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[ Fri, Dec 27th 2024 ] - CNN
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Thu, December 26, 2024
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[ Thu, Dec 26th 2024 ] - MSN
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[ Thu, Dec 26th 2024 ] - MSN
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[ Thu, Dec 26th 2024 ] - MSN
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[ Thu, Dec 26th 2024 ] - MSN
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[ Thu, Dec 26th 2024 ] - Indiatimes
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Column-Why US Congress restored Social Security benefits for public-sector retirees: Mark Miller

Column-Why US Congress restored Social Security benefits for public-sector retirees: Mark Miller


Published on 2024-12-26 16:01:02 - MSN
  Print publication without navigation

  • Social Security is an earned benefit. You become eligible by paying the payroll tax during your working years, and the amount you get is geared to your wage history - with a glaring exception. Since the 1980s,

The article by Mark Miller discusses the recent legislative action by the U.S. Congress to restore Social Security benefits for certain public sector retirees, specifically those affected by the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). These provisions had previously reduced or eliminated Social Security benefits for individuals who worked in jobs not covered by Social Security, like many state and local government positions, and then received pensions from those jobs. The new law, part of a broader spending package, aims to mitigate the harsh effects of these offsets by providing a more equitable calculation of benefits. This change is significant for many retirees who felt unfairly penalized by the old rules, offering them a measure of financial relief and addressing long-standing inequities in the Social Security system. The article highlights the bipartisan support for this change, reflecting a rare consensus in Congress on the need to adjust these policies to better serve public sector workers.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/column-why-us-congress-restored-social-security-benefits-for-public-sector-retirees-mark-miller/ar-AA1wx5ZV ]