Tag: uncovered workers
At any given time, only about half of U.S. private sector workers are covered by an employer-sponsored retirement plan, and few workers save without one. The coverage gap, which undermines the retirement security of the nation’s workers, is driven by a lack of coverage among small employers…
A new report from the Congressional Research Service appears to have rekindled the controversy surrounding the Windfall Elimination Provision (WEP). This provision reduces Social Security benefits for workers receiving significant government pensions from jobs not covered by Social Security. A companion provision – the Government Pension Offset (GPO) – makes similar adjustments for their spouses…