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Re: WTH... WEP? Really?
I see posting on FB indicating that this is now unlikely to get all the way through.
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Re: WTH... WEP? Really?
Originally Posted by Cape Blue
(Post 13289838)
I see posting on FB indicating that this is now unlikely to get all the way through.
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Re: WTH... WEP? Really?
Originally Posted by Cape Blue
(Post 13289838)
I see posting on FB indicating that this is now unlikely to get all the way through.
|
Re: WTH... WEP? Really?
Schumer said he will call a vote
https://federalnewsnetwork.com/congr...s-act/slide/1/ https://www.govexec.com/pay-benefits...-bills/401603/ |
Re: WTH... WEP? Really?
Originally Posted by porkedpie
(Post 13290064)
Schumer said he will call a vote
https://federalnewsnetwork.com/congr...s-act/slide/1/ https://www.govexec.com/pay-benefits...-bills/401603/ |
Re: WTH... WEP? Really?
It has 62 cosponsors so unless someone who is cosponsoring the bill decides to vote against or not to override the filibuster, then it should pass...
Stranger things have happened. |
Re: WTH... WEP? Really?
Originally Posted by porkedpie
(Post 13290108)
It has 62 cosponsors so unless someone who is cosponsoring the bill decides to vote against or not to override the filibuster, then it should pass...
Stranger things have happened. |
Re: WTH... WEP? Really?
I got an Email to say that the Bill is coming up for vote on 12/16/2024...
https://www.democrats.senate.gov/202...cember-16-2024 |
Re: WTH... WEP? Really?
Originally Posted by Goldenkey2024
(Post 13290267)
I got an Email to say that the Bill is coming up for vote on 12/16/2024...
https://www.democrats.senate.gov/202...cember-16-2024 From the amusing part of things, my now former Congressman, voted for the bill, and now will have the opportunity to vote as a newly sworn in senator. |
Re: WTH... WEP? Really?
Originally Posted by S Folinsky
(Post 13290272)
my now former Congressman, voted for the bill, and now will have the opportunity to vote as a newly sworn in senator.
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Re: WTH... WEP? Really?
Originally Posted by Pierre_Tete
(Post 13290340)
As yes, Mr. Shifty who I believe is on Trump's retribution list. Is he already sworn in as a senator, serving the remainder of this congress before the start of his full 6-year term?
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Re: WTH... WEP? Really?
Originally Posted by durham_lad
(Post 13290111)
Now that we have president elect Trump it will very much depend on whether he agrees to the increased spending of SS if WEP and GPO are eliminated. If he doesn’t agree then he will easily persuade a few Republicans to change their mind.
Having said that, it's often unfair for those of us with foreign pensions of one sort or another, for which SS tax was never due. Has anyone ever tried arguing that the basic UK New State Pension is not actually a "pension based on work"? It's a pension based on credits, which may or may not come from work. There are many other ways to get credits. https://www.gov.uk/national-insuranc...ts/eligibility Unlike Social Security, the amount you get isn't determined by how much you earned or how much you paid in, and technically shouldn't be affected by WEP, in my opinion. Other countries' pensions are exempt from WEP for various reasons, like if your country gives a universal pension through citizenship. Even if this bill progresses the Senate may well catch on that they forgot about foreign pensions and continue it just for those. |
Re: WTH... WEP? Really?
Originally Posted by davebb
(Post 13290369)
Anyone with half a brain should realize that WEP is entirely justified for US public employees who literally opted out of paying social security so they could boost their public pension and shouldn't be repealed. It's a worthwhile provision, though poorly implemented. Musky should be on top of that, but I'm sure he won't be. Trump's government will be more incompetent than most previous ones, but incompetence is ingrained in US government in general.
Having said that, it's often unfair for those of us with foreign pensions of one sort or another, for which SS tax was never due. Has anyone ever tried arguing that the basic UK New State Pension is not actually a "pension based on work"? It's a pension based on credits, which may or may not come from work. There are many other ways to get credits. https://www.gov.uk/national-insuranc...ts/eligibility Unlike Social Security, the amount you get isn't determined by how much you earned or how much you paid in, and technically shouldn't be affected by WEP, in my opinion. Other countries' pensions are exempt from WEP for various reasons, like if your country gives a universal pension through citizenship. Even if this bill progresses the Senate may well catch on that they forgot about foreign pensions and continue it just for those. |
Re: WTH... WEP? Really?
Originally Posted by durham_lad
(Post 13290397)
The work related portion of the UK OAP is taken into account when calculating WEP. When looking at your NI record it is very clear which years had credits due to work in the UK and which are due to voluntary contributions. When applying for SS and you are due or receiving OAP you must complete and send in SSA-308 which has a section where you enter the periods of voluntary contributions. My wife has been through this process and I am currently in the process now of applying for SS and the status of my claim is “waiting for review by an agent in Londonâ€. In my particular case my other work related UK private pensions will maximize the WEP regardless of my OAP.
https://cimg3.ibsrv.net/gimg/british...39171ef912.jpg |
Re: WTH... WEP? Really?
Originally Posted by davebb
(Post 13290429)
It's not clear at all that this payment from 2006-7 is a voluntary contribution. It wasn't my point, though. Since WEP should come into effect for pensions earned by work for which SS tax was not paid, I'm arguing that the UK New State Pension shouldn't be affected at all. It's based on credits, not work, and unlike social security the amount you earned doesn't affect it.
https://cimg3.ibsrv.net/gimg/british...39171ef912.jpg I don’t know if UK self employment counts as exempt from WEP or not, which is why an agent in the FBU in London is required to review the application and determine how much WEP is applied. |
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