The House Committee on Ways and Means has postponed its consideration of the Windfall Elimination Provision (WEP) repeal due to concerns raised by NARFE (The National Active and Retired Federal Employees Association).
At the markup the bill’s sponsor, Committee Chairman Kevin Brady, R-TX, said, “This bill is about getting equal treatment for public servants. However, it has become clear over the past several days that public servants are not in agreement about this legislation. We need the community to come together on what they can all support or the consequence, unfortunately, is to see the current WEP harm people on a daily basis that frankly don’t deserve being harmed. Meanwhile, we will postpone consideration of H.R. 711 until that agreement is found.”
Although this bill is currently at a standstill, it is still notable that this legislation went as far as it did. A first for WEP reform! Since this bill found such widespread support, it is likely that the inevitable replacement bill will have some strong resemblances. If you want to be ahead of the next bill, read the article below for the proposed fix to these strange rules.
The Windfall Elimination Provision (WEP) repeal is now a step closer to reality.
That’s right. If you haven’t already heard, Congress is considering a new way to calculate Social Security benefits for those who have both covered and non-covered earnings. You should watch this closely if you’re a teacher, firefighter, police officer, or other public servant in one of the states that do not participate in Social Security.
The Equal Treatment of Public Servants Act of 2015
Recently, Representatives Kevin Brady (R-TX) and Richard Neal (D-MA) co-sponsored the Equal Treatment of Public Servants Act of 2015 (H.R. 711). This legislation proposes a completely new calculation that is intended to correct the inequality toward public servants in Social Security benefits. If this bill is passed, the WEP formula will be replaced with what’s being called the “Public Servant Fairness Formula” (PSF).
Although this bill was introduced in 2015, it is quickly gaining traction for 2016 action. The House Ways and Means Subcommittee on Social Security held a hearing to discuss this bill on March 22, 2016.
You may be thinking that you’ve heard all this talk about Social Security fairness before. You’re right – it’s been discussed for years. But this measure has a really good chance of passing for three reasons.
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