Tag: Social Security coverage
This legislation would allow some workers to double-dip and speeds the exhaustion of the trust fund. On November 12, the House passed the Social Security Fairness Act to repeal the Windfall Elimination Provision (WEP), which reduces Social Security benefits for workers receiving significant government pensions from jobs not covered by Social Security. A companion provision…
The brief’s key findings are: About 5 million state and local workers are not covered by Social Security on their current job. The law requires that their pension plans provide a benefit equal to what they would have received upon retirement if they were covered by Social Security. While all plans meet the letter of…
