The modern day equivalent of a panic-starter is to bring up the subject of the Government Pension Offset or Windfall Elimination Provision to retired federal or state government employees, or their spouses.
While most feds oppose WEP and GPO, today’s guest columnist said he’s looked at the background, crunched the numbers and in his opinion they are fair.
Given the impact of the pandemic on the economy, and on prices, it is unlikely that retirees who get cost of living adjustments most years will be getting a COLA in January 2021.
Although looking back on the first couple of months of 2020 might seem like the Good Old Days, benefits expert Tammy Flanagan said, “It was already destined to be pretty rocky” being an election year and all. But, then, of course, came the coronavirus pandemic.
Windfall Elimination Provision and Government Pension Offset cost millions of federal and public employees even more millions in dollars of benefits.
Long shot legislation to eliminate or modify Social Security benefits of several million retired federal and public sector employees or their surviving spouses, is almost certainly dead, for now.
The two decades-old laws impact, as in reduce or almost eliminate, the Social Security benefits of 1.8 million public servants.
The inspectors general for the Departments of Justice and Veterans Affairs are setting up a new VA health care fraud task force.
Beyond the usual slew of appropriations bills and confirmation votes awaiting Congress when it returns to Capitol Hill next month, here are a few other standalone bills worth tracking that could impact federal employees.
The Windfall Elimination Provision (WEP) has been at the top of the legislative hit list for groups representing federal and public retirees for decades.
The windfall elimination provision reduces the Social Security benefit for someone with less than 30 years of covered service if they qualify for an SSA benefit after as little as five years of covered service.
Ever wonder where the expression "no news is good news" came from? Senior Correspondent Mike Causey thinks it's either a 17th century English king or a 2016 federal worker.
Congress and members in the federal community are at a standstill over how to change the Windfall Elimination Provision (WEP) for federal employees and retirees in the Civil Service Retirement System. House Ways and Means Committee Chairman Kevin Brady had a bill that would lessen the WEP penalty, but last-minute changes to the legislation derailed its official introduction to Congress.
NARFE's Jessica Klement and John Hatton join host Mike Causey on the first half of today's Your Turn to discuss reforms to the Windfall Elimination Provision or WEP. Later in the show. Brig. Gen. Mike Meese (Ret.) will talk about what's pending in the Defense Authorization Act and a change to the military TSP plan. July 6, 2016