Technology has the power to transform caregiving. Learn about caregiving's new wave.
Reply
Info Seeker
0
Kudos
1361
Views

Re: Repealing the Social Security Windfall Elimination Provision And Pension Offset 2017 Legislation

1,361 Views
Message 21 of 38

This should be a no brainer as far as repealing the WPO & GPO.  This issue crosses party lines.   Our teachers and other service providers give their whole lives and only want what’s fair.  No one is asking to get money from SS security if they haven’t contributed.

 

In the majority of cases, like my own, people have put into BOTH Social Security and pensions.  People in the private sector can get both at retirement. Why should teachers or other service providers be any different. Why is that considered double dipping when business executives do it all the time.

Report Inappropriate Content
0
Kudos
1361
Views
Valued Social Butterfly
0
Kudos
1528
Views

Re: Repealing the Social Security Windfall Elimination Provision And Pension Offset 2017 Legislation

1,528 Views
Message 22 of 38

@LonnieC924336 wrote:

I am losing over $300 a month because of this tax.I get two partial checks instead of a full retirement. i worked 24 years for s.s. and 19 years for the school system.I got cheated Big Time.


You could work for (6) more years, earning what the government deems to be substantial earnings

under  a job covered by the SS system and the WEP would go away -   Substantial earnings has also a definition under the SS system - defined by year - in 2018, a bit less than $ 2000 a month - but the figure is actually a yearly figure.

 

SSA Windfall Elimination Provision

from the link ~

If you paid Social Security tax on 30 years of substantial earnings you are not affected by WEP.

 

There is also a chart of the "substantial earnings" by year in this pamphlet (above link).

 

Sorry can't help you with your school system pension - that is a local matter.

 

 

 

 

Report Inappropriate Content
0
Kudos
1528
Views
Info Seeker
0
Kudos
900
Views

Re: Repealing the Social Security Windfall Elimination Provision And Pension Offset 2017 Legislation

900 Views
Message 23 of 38

I am losing over $300 a month because of this tax.I get two partial checks instead of a full retirement. i worked 24 years for s.s. and 19 years for the school system.I got cheated Big Time.

Report Inappropriate Content
0
Kudos
900
Views
Bronze Conversationalist
0
Kudos
3124
Views

Re: Repealing the Social Security Windfall Elimination Provision And Pension Offset 2017 Legislation

3,124 Views
Message 24 of 38
The system knows how to tell the difference between a lifetime low income wage earner and someone who only worked 10 years. I tried an experiment. I plugged in $3700 for each year from 1971-2018. My benefit was $760. Doing it with my actual years and income I get $518. So it goes to show the theory behind WEP is flawed. They stole a days pay 3 out 4 years on top of eliminating a good chunk of our Social Security. And what about folks that after 20 years gave up a good career to teach expecting they would get their Social Security.
Report Inappropriate Content
0
Kudos
3124
Views
Bronze Conversationalist
0
Kudos
3156
Views

Re: Repealing the Social Security Windfall Elimination Provision And Pension Offset 2017 Legislation

3,156 Views
Message 25 of 38

I have all required quarters and more. I paid into Social Security both before and after I worked for the Government. I sorta of understand what you are saying but on the other hand why can some who worked the same amonunt of time with the same number of quarters get all their Socila Security and I can't.  I do not expect to get what someone who worked 35-40 years but I would like more then the 40% they might give me.My Civil Service Retiremrnt went into a different pot of money. Same for City and State Workers. Social Security has had my money since 1981 and I am sure they have made plenty of interest off it. The real issue is not double dipping but the fact Congress has been using Social Security to pay for stuff.  

Report Inappropriate Content
0
Kudos
3156
Views
Valued Social Butterfly
0
Kudos
3096
Views

Re: Repealing the Social Security Windfall Elimination Provision And Pension Offset 2017 Legislation

3,096 Views
Message 26 of 38

@l508156s wrote:

If you put money in 2 seperate banks are you denied the use of funds from one? No. But this is what the WEP does to a number of workers who paid into both Social Security and a pension. What I would get without the WEP is pittance but with it poverty. I hope the RTTA and Mass Retired Teachers and the NEA can get congress to do something and either repeal or change the formula. 


 

@l508156s

It is not like a bank account - more like an insurace policy.  There is no SS account just for you where your premiums are credited.  A persons SS benefit is figured on the amount of time they have made contributions to the program and what their average wages were during that entire time.

 

How you qualify for retirement benefits?

When you work and pay Social Security taxes, you earn
“credits” toward Social Security benefits. The number of
credits you need to get retirement benefits depends on
when you were born. If you were born in 1929 or later,
you need 40 credits (10 years of work).
 
How much will your retirement benefit be?
If you stop working before you have enough credits to
qualify for benefits, the credits will remain on your Social
Security record. If you return to work later, you can add
more credits to qualify. We can’t pay any retirement
benefits until you have the required number of credits.
 
We base your benefit payment on how much you earned
during your working career. Higher lifetime earnings result
in higher benefits. If there were some years you didn’t
work or had low earnings, your benefit amount may be
lower than if you had worked steadily.
 

 

Most likely there would have to be a formula change because the formula was what was wrong with it before the change.

.

Most likely a formula would have to invented JUST for them because the regular formula does not work and many of the standard rules would have to go by the wayside.

  • they have not worked long enough under and within the SS program to be vested in it since they did not pay these payroll taxes when at their government job where they are getting their pension.
  • new bend points to figure their AIM, to comput their benefit) would have to be determined based on their wages ONLY at their SS covered job

Somehow, for any change to be equitable, SSA has to figure these type claims differently, perhaps on a manuel basis and I am not too sure they aren't coming out ahead the way things currently are figured - so even a new formula might not give these folks what they think they deserve because it will depend on how long they worked under the SS system, what their wage range was during that time.

 

They didn't pay into the SS system at their government job - so none of that salary or time will be included.

 

Then would this be fair to others who didn't work long enough under the SS system to be vested?

 

Yes, it is very complicated. 

Report Inappropriate Content
0
Kudos
3096
Views
Bronze Conversationalist
0
Kudos
3346
Views

Re: Repealing the Social Security Windfall Elimination Provision And Pension Offset 2017 Legislation

3,346 Views
Message 27 of 38
I was working for the Federal Government in 1983. All they told us was they were eliminating the the Civil Service Retirement System and changing to one where you paid into Social Security. They pushed the new plan but never told us how it would affect our Social Security benefits. I voted for the other guy.
Report Inappropriate Content
0
Kudos
3346
Views
Bronze Conversationalist
0
Kudos
3334
Views

Re: Repealing the Social Security Windfall Elimination Provision And Pension Offset 2017 Legislation

3,334 Views
Message 28 of 38

If you put money in 2 seperate banks are you denied the use of funds from one? No. But this is what the WEP does to a number of workers who paid into both Social Security and a pension. What I would get without the WEP is pittance but with it poverty. I hope the RTTA and Mass Retired Teachers and the NEA can get congress to do something and either repeal or change the formula. 

Report Inappropriate Content
0
Kudos
3334
Views
Valued Social Butterfly
1
Kudos
9893
Views

Re: Repealing the Social Security Windfall Elimination Provision And Pension Offset 2017 Legislation

9,893 Views
Message 29 of 38

@SteveT934531,  @JohnF878645

 

In a nutshell, they don't know how to figure it to be fair.

Social Security WEP History

 

The old way was not fair because it paid too much so we won't go back to that way.

 

My neighbor is a plumber - he worked for the local school system not under the SS system.  He also had his own company where he "moonlighted" and paid SS on this salary.  He worked for the school system around 25 years.  When he retired and began his pension from the school system, he continued to work at his company until he had accumulated a work history in the SS system of 30 years.

 

He gets both pension and SS and is not affected by the WEB because he had an overall substantial work history under the SS system.

 

You have to have at least 10 years of work history with a minimum of earnings for those years to be vested into the SS system.  For low wage earners, they work their whole length of their career (30 or more years) under the SS system to get the minimum benefit.  People who work mainly outside the SS system but who may have 10 years or more (but less than 30) working in a job within the SS system are not low wage earners and thus their benefits cannot be figured as if they were as was done before the WEP.

 

So they came up with the WEP because if you worked 10 years under the SS system, you are entitled to a benefit but only one that represents the amount of time and contributions which were made under the SS system.

 

I do not know if the WEP is fair but I do know the way they use to figure it was "double dipping" because they considered these worker as low wage earners and gave them credit as such under the SS system.

 

You are outliers. You are outside the regular computation of benefits.  You don't fit into the normal computation unless you work under the SS system for about 30 years, even at a low wage.

 

Perhaps you should opt for some special manual computation since there are relatively few in this situation.

Report Inappropriate Content
1
Kudos
9893
Views
Info Seeker
0
Kudos
9873
Views

Re: Repealing the Social Security Windfall Elimination Provision And Pension Offset 2017 Legislation

9,873 Views
Message 30 of 38

Like so many who have commented on this issue I suffer from this inequity.  Unfortunately members of Congress listen to those who complain, sympathize with the problem, however shift the responsibility for lack of advancement of pending legislation to committees, sub-committees, hearings, etc.  These excuses persist year after year with no resolution.  One would believe that no bills ever advance, however this not the case as we all know. The voice of those who have reached retirement age fall upon deaf ears, and those of us who are denied the benefits we have rightly earned will I am afraid NEVER see this “wrong” righted.  It’s a sad testimony to what moral and ethical values associated with hard work produce in our country.

Report Inappropriate Content
0
Kudos
9873
Views