logging in or signing up PPT-PTS OF INEQUITY 1-07-11 4ssfairness Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 857 Category: Education License: Some Rights Reserved Like it (1) Dislike it (0) Added: January 06, 2011 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... By: 4ssfairness (16 month(s) ago) This explains why the Governmental Pension Offset and the Windfall Elimination Provision, Social Security Offsets, inequitably penalize public employees in 15 states. All who pay full Social Security contributions do not receive full benefits. See this and you will understand the clear need for their repeal and join us at Social Security Fairness where we organize for action. Sign up for Action Alerts and see the other PowerPoint "What Can One Person Do?" Saving..... Post Reply Close Saving..... Edit Comment Close Premium member Presentation Transcript Slide 1: The GPO/WEP, Why They Should Be Repealed! Prepared by Liz Curtis for SSFAIRNESS.COM For use by public in fight to repeal the GPO/WEPSlide 2: Even though you and/or your spouse have paid the required minimum or more into Social Security, your benefits may be cut by thousands of dollars or completely eliminated! Shocking facts about Social SecuritySlide 3: You have had two jobs: one in which you paid Social Security taxes and therefore earned your own Social Security credits and another job in which you did not pay Social Security taxes. Penalized by the Windfall Elimination Provision (WEP). Your Social Security may be in jeopardy if:Slide 4: Your spouse of at least ten years has earned Social Security credits. Penalized by Government Pension Offset (GPO). a. You probably will lose all the payments due you as a dependent spouse. (e.g. a stay-at-home childcare parent) b. You will lose at least part or more often all of the Social Security retirement payments that that normally go to the widow/er. Your Social Security may be in jeopardy if:Slide 5: Points of Inequity of GPO/WEP GPO/WEP were designed for one purpose, but had a completely different result . The GPO/WEP are undesirable, unpredictable and inequitable. The WEP was originally designed to affect high-income politicians, not the low wage earners that it deeply penalizes. Equitable or Inequitable?Slide 6: Points of Inequity of GPO/WEP The GPO/WEP formulas are arbitrary . These offsets were imposed 30 years ago before there were the data and analysis systems that we have now and are without a logical base for reduction amounts. Equitable or Inequitable?Slide 7: Points of Inequity of GPO/WEP All who pay full Social Security contributions do not receive full benefits. The present GPO/WEP do not treat all citizens equally when computing benefits. It is possible to pay Social Security taxes of as much as $90,000 and perhaps more and, yet, receive nothing in retirement benefits. Equitable or Inequitable?Slide 8: Points of Inequity of GPO/WEP GPO/WEP cuts to earned benefits are substantial, commonly causing serious lifestyle reductions, sometimes even to poverty levels. Nine of ten widows/ers receive no survivor spousal benefits, causing a reduction of earned Social Security benefit which can be as much as or more than $25,000/year. Even a pension of as little as $1,500/month can cause TOTAL LOSS of needed survivor benefits. Equitable or Inequitable?Slide 9: Points of Inequity of GPO/WEP The required money paid into Social Security is taxed independently from one’s pension and should be paid out independent of money received from one’s pension . Money in bank A should not affect money in bank B. Equitable or Inequitable? The GPO/WEP are based on incorrect assumptions.Slide 10: Points of Inequity of GPO/WEP The GPO/WEP represent discrimination against women. The GPO currently penalizes about one half million retirees. 79% of them are women. 75 – 90% of those penalized lose ALL of their benefits. 21% have annuities of under $1,000/month. (NARFE) Equitable or Inequitable?Slide 11: Points of Inequity of GPO/WEP Until recently, no law existed to inform employees about the GPO/WEP penalties. Large numbers of current public employees have not been told their public service employment is jeopardizing their already earned Social Security benefits. The law to notify new employees about the WEP/GPO only went into effect in 2005. Equitable or Inequitable?Slide 12: Points of Inequity of GPO/WEP The cost of repeal of the GPO/WEP is minimal when compared to the total amount paid to retirees annually . In addition, these benefits were paid for by required Social Security taxes. The cost of repeal of the GPO/WEP is only 2% of the overall Social Security costs paid to recipients. Find Estimated Trust Fund Information at http://www.ssa.gov . Equitable or Inequitable?Slide 13: Points of Inequity of GPO/WEP Can we as a nation afford this? The GPO/WEP penalize 1/3 of all U.S. educators, thereby, discouraging the choice of teaching as a profession. A 2009 report by the National Commission on Teaching and America’s Future stated, “In less than a decade more than half of today's teachers – 1.7 million – could be gone.” The report explains that this is caused principally by retirement, but aggravated by the fact that one of every three new teachers leaves the profession within five years. We must attract teachers, not discourage them with penalties.Slide 14: Points of Inequity of GPO/WEP Equitable or Inequitable? The GPO/WEP do not treat all citizens in an equitable manner when distributing Social Security benefits. Our government is built upon democratic principles, and therefore all laws should abide by the principle of equal rights for all citizens.Slide 15: Equitable or inequitable? The answer is clear! We must work for repeal of the unjust GPO/WEP!Slide 16: SSFAIRNESS.COM is fighting for repeal of GPO/WEP Sign up for & follow through with Action Alerts View the explanatory PowerPoint presentation, “The GPO/WEP and What Can One Person Do?”Slide 17: Join our Facebook page, Social Security Fairness – Repeal the GPO/WEP Mark “Like” and use “Suggest to Friends” option Let’s Go ViralSlide 18: Ask your professional organization to link with us Spread the word,Slide 19: Make “noise” and persevere Write your Senators and Representatives Write editorials for local newspapers Explain to family, friends, and colleagues Join us as local coordinatorsSlide 20: “Be the change you wish to see in the world” Gandhi Now is the time Social Security changes are being considered and there is a window of opportunity. This may be our last chance to be “heard” for quite some time to come. Name * James Herzing Email * jeherzing@comcast.net Just as Gandhi persisted, we too must persist.Slide 21: SSFAIRNESS.COM leading the way http://4ssfairness.wordpress.com / http://twitter.com/#!/4ssfairness Social-Security-Fairness-Repeal-the-GPOWEP Write us at ssfairness@gmail.com You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
PPT-PTS OF INEQUITY 1-07-11 4ssfairness Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 857 Category: Education License: Some Rights Reserved Like it (1) Dislike it (0) Added: January 06, 2011 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... By: 4ssfairness (16 month(s) ago) This explains why the Governmental Pension Offset and the Windfall Elimination Provision, Social Security Offsets, inequitably penalize public employees in 15 states. All who pay full Social Security contributions do not receive full benefits. See this and you will understand the clear need for their repeal and join us at Social Security Fairness where we organize for action. Sign up for Action Alerts and see the other PowerPoint "What Can One Person Do?" Saving..... Post Reply Close Saving..... Edit Comment Close Premium member Presentation Transcript Slide 1: The GPO/WEP, Why They Should Be Repealed! Prepared by Liz Curtis for SSFAIRNESS.COM For use by public in fight to repeal the GPO/WEPSlide 2: Even though you and/or your spouse have paid the required minimum or more into Social Security, your benefits may be cut by thousands of dollars or completely eliminated! Shocking facts about Social SecuritySlide 3: You have had two jobs: one in which you paid Social Security taxes and therefore earned your own Social Security credits and another job in which you did not pay Social Security taxes. Penalized by the Windfall Elimination Provision (WEP). Your Social Security may be in jeopardy if:Slide 4: Your spouse of at least ten years has earned Social Security credits. Penalized by Government Pension Offset (GPO). a. You probably will lose all the payments due you as a dependent spouse. (e.g. a stay-at-home childcare parent) b. You will lose at least part or more often all of the Social Security retirement payments that that normally go to the widow/er. Your Social Security may be in jeopardy if:Slide 5: Points of Inequity of GPO/WEP GPO/WEP were designed for one purpose, but had a completely different result . The GPO/WEP are undesirable, unpredictable and inequitable. The WEP was originally designed to affect high-income politicians, not the low wage earners that it deeply penalizes. Equitable or Inequitable?Slide 6: Points of Inequity of GPO/WEP The GPO/WEP formulas are arbitrary . These offsets were imposed 30 years ago before there were the data and analysis systems that we have now and are without a logical base for reduction amounts. Equitable or Inequitable?Slide 7: Points of Inequity of GPO/WEP All who pay full Social Security contributions do not receive full benefits. The present GPO/WEP do not treat all citizens equally when computing benefits. It is possible to pay Social Security taxes of as much as $90,000 and perhaps more and, yet, receive nothing in retirement benefits. Equitable or Inequitable?Slide 8: Points of Inequity of GPO/WEP GPO/WEP cuts to earned benefits are substantial, commonly causing serious lifestyle reductions, sometimes even to poverty levels. Nine of ten widows/ers receive no survivor spousal benefits, causing a reduction of earned Social Security benefit which can be as much as or more than $25,000/year. Even a pension of as little as $1,500/month can cause TOTAL LOSS of needed survivor benefits. Equitable or Inequitable?Slide 9: Points of Inequity of GPO/WEP The required money paid into Social Security is taxed independently from one’s pension and should be paid out independent of money received from one’s pension . Money in bank A should not affect money in bank B. Equitable or Inequitable? The GPO/WEP are based on incorrect assumptions.Slide 10: Points of Inequity of GPO/WEP The GPO/WEP represent discrimination against women. The GPO currently penalizes about one half million retirees. 79% of them are women. 75 – 90% of those penalized lose ALL of their benefits. 21% have annuities of under $1,000/month. (NARFE) Equitable or Inequitable?Slide 11: Points of Inequity of GPO/WEP Until recently, no law existed to inform employees about the GPO/WEP penalties. Large numbers of current public employees have not been told their public service employment is jeopardizing their already earned Social Security benefits. The law to notify new employees about the WEP/GPO only went into effect in 2005. Equitable or Inequitable?Slide 12: Points of Inequity of GPO/WEP The cost of repeal of the GPO/WEP is minimal when compared to the total amount paid to retirees annually . In addition, these benefits were paid for by required Social Security taxes. The cost of repeal of the GPO/WEP is only 2% of the overall Social Security costs paid to recipients. Find Estimated Trust Fund Information at http://www.ssa.gov . Equitable or Inequitable?Slide 13: Points of Inequity of GPO/WEP Can we as a nation afford this? The GPO/WEP penalize 1/3 of all U.S. educators, thereby, discouraging the choice of teaching as a profession. A 2009 report by the National Commission on Teaching and America’s Future stated, “In less than a decade more than half of today's teachers – 1.7 million – could be gone.” The report explains that this is caused principally by retirement, but aggravated by the fact that one of every three new teachers leaves the profession within five years. We must attract teachers, not discourage them with penalties.Slide 14: Points of Inequity of GPO/WEP Equitable or Inequitable? The GPO/WEP do not treat all citizens in an equitable manner when distributing Social Security benefits. Our government is built upon democratic principles, and therefore all laws should abide by the principle of equal rights for all citizens.Slide 15: Equitable or inequitable? The answer is clear! We must work for repeal of the unjust GPO/WEP!Slide 16: SSFAIRNESS.COM is fighting for repeal of GPO/WEP Sign up for & follow through with Action Alerts View the explanatory PowerPoint presentation, “The GPO/WEP and What Can One Person Do?”Slide 17: Join our Facebook page, Social Security Fairness – Repeal the GPO/WEP Mark “Like” and use “Suggest to Friends” option Let’s Go ViralSlide 18: Ask your professional organization to link with us Spread the word,Slide 19: Make “noise” and persevere Write your Senators and Representatives Write editorials for local newspapers Explain to family, friends, and colleagues Join us as local coordinatorsSlide 20: “Be the change you wish to see in the world” Gandhi Now is the time Social Security changes are being considered and there is a window of opportunity. This may be our last chance to be “heard” for quite some time to come. Name * James Herzing Email * jeherzing@comcast.net Just as Gandhi persisted, we too must persist.Slide 21: SSFAIRNESS.COM leading the way http://4ssfairness.wordpress.com / http://twitter.com/#!/4ssfairness Social-Security-Fairness-Repeal-the-GPOWEP Write us at ssfairness@gmail.com