If a person worked in the private sector at some point and paid into Social Security, two federal provisions — the Windfall Elimination Provision and Government Pension Offset — would reduce the amount returned to them.
“There’s a real equity issue there,” said Maris LeBlanc, deputy director of the Louisiana State Employees’ Retirement System, which has nearly 100,000 active and retired members.
Congress is considering the repeal of those provisions. But previous Congresses have tried and failed to eliminate them, LeBlanc said.
According to the most recent estimate, undoing the provisions could cost as much as $80 billion, said Robyn Ekings, spokeswoman for the state employees’ retirement system.
U.S. Rep. Don Cazayoux, D-New Roads, and co-sponsor of the legislation seeking to repeal the provisions, calls it a fairness issue.
Monday, August 11, 2008
Louisiana Legislators concerned about WEP/GPO Provisions
Louisiana is one of seven states where state employees pay into state retirement systems instead of Social Security.