Federal Legislation to Repeal Windfall Elimination Provision (WEP) Introduced
Equal Treatments of Public Servants Act was introduced by
Kevin Brady, representative of Texas and Richard Neal , representative of
Massachussets last week. If passes, this
bill would help in abolishing the Social Secutiry Windfall Elimination
Provision(WEP). This shall be then replaced by a fairer formula which will help
those who have had a negative impact by the WEP.
Already, members of Texas Retired Teachers
Associatiaon(TRTA) has been advocating for the abolishment of WEP by the
Congress.
The abolishing of WEP will result
in
- · Public servants shall be considered like rest of American workers.
- · Public servants are guaranteed to receive benefits that had been earned by them whilethe Social Security was paid by them.
- · WEp will be reduced by one third for currently retired personnel and upto to half for future retirees.
- · This will not have any impact on Social Security trust fund.
This site was last updated on 20th November 2014.
To know more visit http://www.rseala.org/category/latest-news/
No comments:
Post a Comment