The Social Security Fairness Act legislation would cut two provisions that curtail retirement (Social Security) payments for public workers (approximately 2 million employees) and their surviving spouses and family members (approximately 800,000), the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO).
Note, Reagan was president when the Social Security Amendments of 1983 with WEP and GPO were enacted.
What I don't understand is it sounds like the employees (and spouses) covered by these provisions did not pay Social Security on the wages affected by these provisions. Thus, why should they get Social Security for those wages?
"The biggest opposition to the bill is its cost. The Congressional Budget Office estimates it would cost upward of $190 billion over a decade... It would hasten the combined trust funds shortfall by six months to a year, when it's already in trouble... "
I'm not saying I'm against the act. I just wonder why these employees/employers weren't paying into Social Security. I'm guessing it was a "benefit" of being a public employee. I'm thinking the sponsors of this bill should have come up with a method to fund the additional Social Security payments. The Senate has until Dec. 31, 2024, to sign the bill and get it to the President to sign.
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It doesn’t work quite that way
It isn’t that people would get paid social security for years they worked in ‘non-covered’ jobs. It’s that the social security they get for the years worked while paying into the social security system is cut. For example, a person who worked 20 years in a job that paid into social security would get $x/month. But a person who worked for 10 years in a job that wasn’t in the social security system, say a public employee of some sort, and then later worked 20 years under the social security system at the exact same salary as the first person would NOT get the same $x/ month. This is because social security thinks the pension for the first 10 years - a completely independent time period - is a ‘windfall’, so they recalculate the social security amount for the 20 year period in such a way that the social security benefits are much lower. The reduction can be up to 50% of the social security benefit. It actually is unfair.