Spiky Bugger
Well-Known Member
- Joined
- Jan 5, 2014
- Messages
- 6,356
There has been, since 1983, an evil thing called “The Windfall Elimination Provision.” It was going to “save” Social Security by reducing benefits to people who ALSO worked in systems that had their own pension programs. So let’s say you and your twin sister were RNs and you both worked at a privately owned community hospital, exact same dates, earnings and SS contributions, for 20 years. Then she won the lottery and quit work. And you went to work at a county hospital with its own county government pension plan for another bunch of time.
And then you both (because you’re twins) got to 65 or 67 or whatever it is today. And your social security check is less than half of what she gets.
The Good News: one of Biden’s last acts was to sign off on killing the WEP, which included a “refund” of the amount your SS was reduced, but only back to January 2024. The math tells me that I have lost 55% of my SS benefit for 25 years! It would be really nice to get THAT money back, too…but it ain’t gonna happen. So I’m pouting.
Between the two of us, monthly income will increase by a bit more than $1000. So I guess I’ll smile!
And then you both (because you’re twins) got to 65 or 67 or whatever it is today. And your social security check is less than half of what she gets.
The Good News: one of Biden’s last acts was to sign off on killing the WEP, which included a “refund” of the amount your SS was reduced, but only back to January 2024. The math tells me that I have lost 55% of my SS benefit for 25 years! It would be really nice to get THAT money back, too…but it ain’t gonna happen. So I’m pouting.
Between the two of us, monthly income will increase by a bit more than $1000. So I guess I’ll smile!
