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| | HR0006 | | LRB101 03960 MST 48968 r |
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1 | | HOUSE RESOLUTION
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2 | | WHEREAS, The Windfall Elimination Provision (WEP) was |
3 | | created in 1983 to fix an error in how Social Security benefits |
4 | | were calculated that had become known as the "windfall"; |
5 | | however, the WEP did not always function as intended and often |
6 | | penalized workers by giving them a lower income replacement |
7 | | rate than they deserved; and
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8 | | WHEREAS, The WEP is also overly complicated in addition to |
9 | | being overly punitive; it is not an issue for individuals who |
10 | | spend their entire career in one job where they do not pay |
11 | | Social Security tax; however, for those who work both at a job |
12 | | where they do pay the tax and one where they do not, it can be a |
13 | | very confusing process to deal with the WEP; in the modern |
14 | | economy, it is more likely that an individual will have |
15 | | multiple jobs over their lifetime rather than just one; and
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16 | | WHEREAS, United States House Resolution 711 repeals the |
17 | | Windfall Elimination Provision and replaces it with the Public |
18 | | Servant Fairness Formula; this change would allow for the use |
19 | | of one benefit calculation for all beneficiaries; it will be |
20 | | easier to understand and more fair; and
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21 | | WHEREAS, U.S. H.R. 711 is not supported by all as the best |
22 | | way to fix the problems created by the WEP; however, it has |