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Windfall Elimination Provision | Tell Congress to Pass the Social Security Fairness Act, NOW!

'...We are still waiting for Congress to enact the Social Security Fairness Act (H.R.82 and S.597) legislation which, if passed, would repeal the WEP and the GPO and provide a fair return on their investment in the Social Security system. Those CSRS annuitants as well as many local and state government annuitants, such as teachers, firefights, and the police cannot relax and enjoy their retirement when they know that they are being denied the full Social Security benefits that they should receive. Now is the time for Congress to act. The House Ways and Means Committee and Subcommittee on Social Security have acknowledged that the penalties imposed by the WEP and GPO are disproportionate and fundamentally unfair. ...'

Reference: apwu.org
Tags: CSRS vs. FERS,Social Security,Social Security Fairness Act,Windfall Elimination Provision (WEP),

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House bill gaining steam to restore full Social Security benefits to certain feds

'...bill to restore full Social Security benefits to certain federal employees is regaining steam in the House. Co-sponsor Abigail Spanberger of Virginia said hundreds of members from both parties are backing the bill, which didn't get a vote last year. The Social Security Fairness Act would end the Windfall Elimination Provision and the Government Pension Offset...'

Reference: federalnewsnetwork.com
Tags: Social Security,House bill, Social Security Fairness Act, Windfall Elimination Provision (WEP), Government Pension Offset, FERS vs CSRS,

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Biden Lie: Biden proposes to boost Social Security benefits across the board

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Expand and increase Social Security benefits

'Biden proposes to boost average benefits across the board while putting Social Security on a long-term path to solvency by...'

Reference: www.politifact.com
Tags: Biden Lies, Social Security Benefit increases,

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Social Security: Estimate for 2023 COLA Pushes Into Double Digits After Latest Inflation Report

'...If that happens, it will be the first time the COLA has reached double digits since it hit 11.2% in 1982, according to the Social Security Administration. This year’s COLA of 5.9% is the highest since 1981. As recently as last year the COLA was only 1.3%. If inflation runs “hot” — or higher than the recent average — the 2023 COLA could be 11.4%, said Mary Johnson, the Senior Citizens League’s Social Security and Medicare policy analyst. That would be the second-highest COLA since the SSA began ...'

Reference:
Tags: Social Security, COLA 2023,

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The forgotten aging population. If you have already served your purpose you are useless in the eyes of the Biden administration. Postal service, federal retirees and everyone on social security left out of Biden monetary increases as inflation takes a heavy toll and erodes what little they have to survive on.

Biden to propose 4.6 percent pay raise for federal employees, the biggest hike in 20 years

'...WASHINGTON — Federal employees and military service members would receive average raises of 4.6 percent next January under...'

Reference: www.msn.com
Tags: The forgotten many, Social Security, Destruction of the elderly, Creating more inflation,

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The Wealthy Are Not Paying an Equal Income Percentage to Social Secirity as Working Class Foots Bill

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The Rich Are Costing Social Security Almost $150 Billion a Year

'...More than nine out of 10 working Americans will make less than $132,900 this year, and will therefore be paying into the system on every dollar they earn. Mind you, only the self-employed will owe the 12.4% rate. If you're employed by someone else, you and your employer split the payroll tax liability down the middle, 6.2% each. This means just a single-digit percentage of the working population will sidestep paying tax on a portion of their earnings. But, in 2016, this "portion" equaled $1.2 trillion in earnings . At the 12.4% rate, that's $148.8 billion (nearly $150 billion) in revenue that Social Security is missing out on each year...'

Reference: www.nasdaq.com
Tags: Expand Social Security Act, Social Security,

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What's Happening with Retirement

'...in the active workforce CSRS people are seen as kind of a favored sub-category, with a civil service annuity formula producing a benefit roughly double what FERS people earn, for the same years of service and the same high-3 salary level. (The Social Security component of FERS and the employer contributions to the TSP there were designed to make up the difference. Whether they do is another question, one that you can get answered by asking any FERS person whether he or she would rather have CSRS.)...'

Reference: www.fedweek.com
Tags: CSRS vs FERS, Social Security, TSP, Federal Retirement,

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Seniors group warns of Social Security buying power loss

'...Social Security has already lost 23 percent of its buying power since 2000, and another potential year of no cost-of-living increase could squeeze seniors — whose expenses haven’t lowered with low inflation...'

Reference: www.benefitspro.com
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