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Geno offers to give up pay - Well...at least someone in CT gets it
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[QUOTE="MilfordHusky, post: 2345019, member: 366"] Here's the philosophy: The benefits for relatively low pay are disproportionately high. For Federal employees and others who were eligible for retirement benefits from their primary jobs, the amount of the social security payment based on other jobs was viewed as a windfall, because it was added to a full pension. In the early 1980s, under the Reagan Administration, the "windfall provision" was eliminated. The WEP provides for a reduction in the calculated social security benefit of up to 60%. I'm a retired Federal employee with earning credits in the private sector. My social security benefits are roughly 4% of my Federal retirement benefits. [/QUOTE]
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Geno offers to give up pay - Well...at least someone in CT gets it
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