Social Security Fairness Act Aims to End Unfair Public Pension Offsets

Social Security Fairness Act Aims to End Unfair Public Pension Offsets

From AFSCME:

Security benefits are based on an individual’s earnings and paid according to a progressive formula. For working families with lower lifetime earnings, Social Security replaces a larger proportion of previous earnings than it would for higher income earners. But, the Government Pension Offset (GPO) and the Windfall Elimination Provision (WEP) impose offsets, which unfairly penalize many public employees. The offsets rely on a formula that does not fully consider workers’ lifetime earnings. GPO-WEP offset formulas are enforced when a public employee is eligible for a pension…