State & Local Pensions
Looking to the underlying problem — uncovered state and local workers. Every analyst who knows anything about Social Security agrees that the Social Security Fairness Act, signed by President Biden on January 5, is a terrible piece of legislation. It simply gives away money to some state and local workers – those who will now…
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…
