Neal Reintroduces Legislation to Fix Social Security WEP Provision, Improve Public Employees’ Retirement Security
Posted by Frank Augustosky on 04/01/21
FOR IMMEDIATE RELEASE April 1, 2021 |
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SPRINGFIELD, MA—Today, Ways and Means Committee Chairman Richard E. Neal (D-MA) reintroduced his groundbreaking legislation, the Public Servants Protection and Fairness Act of 2021, to fix the Windfall Elimination Provision (WEP) for future retirees and provide meaningful relief to current WEP retirees. The bill ensures that public servants across the nation can retire with the security and dignity they deserve. “The Public Servants Protection and Fairness Act garnered more support in Congress last year than any previous WEP reform bill. This year, I look forward to building on that momentum to advance the bill even further, and we’re off to a running start with 139 original cosponsors,” said Chairman Neal. “The WEP negatively affects nearly 2 million retired public servants across the country, including 83,000 in Massachusetts. Public employees like firefighters, teachers, and police officers should not miss out on the Social Security benefits they earned over decades of hard work. With this legislation, these valued members of our communities will have greater retirement security and peace of mind.” Originally, the WEP was intended to equalize the Social Security benefit formula for workers with similar earnings histories, both inside and outside of the Social Security system. However, in practice, it unfairly penalizes many public employees. The much-needed reforms in this bill provide meaningful WEP relief to current retirees and public employees while treating all workers fairly. The following materials are available on the Public Servants Protection and Fairness Act of 2021:
The bill has been endorsed by the following organizations:
The 139 original cosponsors of the legislation are available HERE.
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