The Social Security Fairness Act would repeal benefit reductions affecting people who spent part of their career working for an employer not participating in Social Security, like the state of Alaska.
Kathleen Yerbich was a newly-hired teacher sitting in a seminar with dozens of other teachers and school staff one day in the mid-2010s, going over the arcana of retirement benefits — here’s what the state chips in, here’s how long it takes to vest, here’s how you choose your investments — when the presenter said something that grabbed her attention.
Yerbich is far from alone, said Tom Klaameyer, the head of Alaska’s largest teacher’s union, NEA-Alaska. If anything, she found out sooner than many. A spokesperson for Sen. Dan Sullivan, R-Alaska, said the Social Security Fairness Act"an important piece of legislation" in an emailed statement. Congress and President Ronald Reagan eventually came up with a compromise to avert the crisis — and that included the Windfall Elimination Provision.
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