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Public Sector Employees & the Social Security Penalty
Certain public sector members stand to have their Social Security payments cut or eliminated under two provisions in the Social Security Act: the Government Pension Offset and the Windfall Elimination Provision....... more
Issue Brief: Social Security
Established in 1935, Social Security has provided millionsns with dependable benefits during the times we need them most: in disability, in old age and in the case of an untimely death. The program’s operation is straightforward: workers contribute to the system, and then workers get benefits from the system. In its 70-year history, Social Security ...... more
Social Security Information & Resources
Larry Wolfe from USW Local 2102 rallies against privatizing Social Security at an event in Denver, Colorado. The following are articles and materials on the Social Security program compiled in Spring of last year during the President's all-out push to privatize Social Security: Issue Brief: Social Security The Faces of Social Security (InfoAlert) Privatizing ...... more
Price Indexing of Social Security = A 60% Benefit Cut for Workers
The plans being touted to privatize Social Security are being carefully pitched to leave the impression that this plan will solve any future shortfalls in Social Security. In reality, private accounts do nothing to shore up the program. To address the situation, the Administration appears to favor a new calculation for benefits that will mean massive ...... more
Privatizing Social Security Means Huge Gains for Investment Pros
The changes to Social Security being floated by the Bush Administration call for diverting large sums of money into accounts dependent on the stock market. While workers will lose out in this plan, forgoing the dependable benefits of Social Security to the unpredictable swings of the market, Wall Street brokers and money managers are set to reap huge ...... more
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