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H.R. 2772, The Public Servant Retirement Protection Act of 2007
- This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.
Comparing revision saved on June 20, 2007, 18:19:23 (webmaster), with revision saved on June 28, 2007, 18:19:41 (webmaster):
H.R. 2772 would amend title II of the Social Security Act to repeal the windfall elimination provision and protect the retirement of public servants.
== Detailed Summary ==
<summary>
(Log inPublic Servant Retirement Protection Act of 2007 - Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act (SSA) to editrepeal the wiki and becurrent windfall elimination provision (WEP) (that reduces the Social Security benefits of workers who also have pension benefits from employment not covered by Social Security) for individuals first to provideperforming non-covered service beginning one year after enactment of this Act.
Establishes a detailed summarynew formula for the treatment of non-covered earnings in determining Social Security benefits. Applies such formula to individuals subject to the bill!)current WEP if the benefit under the new formula would be higher.
</summary>
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== Status of the Legislation ==
<status>
Latest Major Action: 6/19/2007: Referred to House committee. Status: Referred to the House Committee on Ways and Means.
</status>
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== Points in Favor ==
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== Points Against ==
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Visitor Comments
Janis Herren
January 23, 2008, 12:46pm (report abuse)I have approximately eighty (80) quarters of "substantial" earnings between 1961-1997. I began drawing Texas Teacher Retirement in 1993. I also earned and paid Social Security taxes on $21,745 that same year. I was contributing to Social Security on the last day I taught but in another job. My Social Security benefits were reduced to 40%. Unfair.
Janis
September 2, 2008, 12:12am (report abuse)OH BOO HOO!
Tom DePaoli
November 27, 2008, 11:34am (report abuse)Just hand out social security benefits to the one's that never worked, then penalize the one's that payed in all their lives. What a great society we have here.
Charlie
November 29, 2008, 9:26pm (report abuse)Like Janis Herren, I too paid into Social Security at the same time I was paying into the Texas Teacher Retirement. When I started drawing my Social Security I was also penalized. If you work under both systems and pay into both retirement systems you should not be penalized. This needs to be changed.