NARFE lobbies for Social Security 2100

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NARFE is marking the Social Security Administration’s birthday by pressing for passage of landmark improvements to how the agency handles federal employee retirement.

The first Social Security check was issued 81 years ago this month, a small start to what became a huge revolution in how retirement is managed in this country. 
A major federal employee advocacy organization, the National Active and Retired Federal Employees Association (NARFE), in marking the anniversary is calling for Congress to pass some past-due reforms to how Social Security checks for feds are handled. 
Currently, as feds are painfully aware, federal retirees get a reduced version of Social Security benefits. That’s because of two longstanding curbs placed on SSA payments to federal employee, the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). 
Proposed legislation, dubbed Social Security 2100: A Sacred Trust (H.R. 5733), would remove these barriers to higher payouts to feds. 
“[The] bill would repeal the WEP and GPO provisions, which unfairly reduce the earned Social Security benefits of nearly 2.6 million retired federal, state and local employees,” NARFE said in a release. “The WEP can result in a monthly Social Security benefit that is $498 lower than deserved, causing undue financial distress—especially to beneficiaries living on fixed monthly incomes.”
In addition, the proposal would correct another problem many federal and other retiree advocates have long wanted: Switching over from the current Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) to the Consumer Price Index for the Elderly (CPI-E), in calculating cost-of-living increases—COLAs—for retirees. 
As NARFE points out, the CPI-E is far more accurate as a means for correcting for inflation, in that it is weighted toward expenditures most common among older Americans. Seniors “spend more on health care—nearly double that of the general population,” NARFE observes, and CPI-E takes that into account. 
The bill offers many other improvements, for example strengthening Social Security’s financial foundation, lengthening its solvency deep into the future. 
“Send a message today asking your Representative to cosponsor Social Security 2100: A Sacred Trust, H.R. 5723,” NARFE said in its appeal to feds. For more information on NARFE’s campaign for the bill’s passage, start by clicking here
As NARFE and other organizations that advocate for older Americans are publicizing on this anniversary, Social Security is an absolutely crucial program for retirees—one that, as intended, working Americans pay for themselves out of their pay. The poverty rate among seniors in the U.S. in recent years stands at around 10 percent. Without Social Security payments, that figure would likely hover around 40 percent, according to a recent congressional report. 
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