Calls on Neal to fix 'fallout disposal provision' for retirees

Published: 08/08/2022 17:10:33 Modified: 08/08/2022 17:07:17 Calls on Neal to fix ‘fallout disposal provision’ for retirees I don’...



Published: 08/08/2022 17:10:33

Modified: 08/08/2022 17:07:17

Calls on Neal to fix ‘fallout disposal provision’ for retirees

I don’t know how many people know about the Windfall Elimination Provision, or WEP, but it makes it impossible for many of us in Massachusetts to increase our fixed incomes, especially in this horribly bloated economy.

WEP essentially removes 60% of what you are owed to Social Security based on what you have contributed due to a state or municipal pension. My husband was state, I was municipal. This makes it impossible for many to retire, as their pension is not substantial and their Social Security payment has been decimated.

I used to receive statements of the amount I was owed to Social Security to date, based on what I had contributed. The Social Security agent told me that I had not received this amount, because I switched to the municipal pension at some point and I stopped contributing to Social Security. I asked if I had just stopped working at this point and not retiring, but still did not contribute to social security, would I receive this amount at retirement age , because it was based on my contributions so far. The answer was yes.

My husband died last year after receiving only three years of this minimum social security. I was not entitled to any part of those Social Security or widowhood benefits because my small city pension put me $2 over the limit! I just received a small cost of living increase, or COLA, and I find most of it will be wiped out by WEP. It will never end and my income will remain static no matter what happens in the economy.

WEP will still eliminate the majority of COLAs I receive. Every year Congressman Richard Neal sends out emails saying they are working on WEP reform, and every year nothing happens. My husband’s union put out a newsletter, telling us that for every $30 we receive in COLA, WEP will take $20 from Social Security. It is retired seniors who are affected by this unfair practice.

Massachusetts is one of only eight states that employs WEP to its retirees. If you are one of the many affected, you should reach out to Congressman Neal and ask him to stop paying lip service and show us that we matter.

Joanne Lastowski

Florence



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Newsrust - US Top News: Calls on Neal to fix 'fallout disposal provision' for retirees
Calls on Neal to fix 'fallout disposal provision' for retirees
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