Bill 118 HRES 1364, also known as the Providing for the consideration of the bill (H.R. 82), aims to amend title II of the Social Security Act by repealing the Government pension offset and windfall elimination provisions.
The Government pension offset provision currently reduces Social Security benefits for individuals who receive a government pension based on work not covered by Social Security. This provision affects individuals such as teachers, firefighters, and police officers who may have worked in both government and non-government jobs throughout their careers.
The windfall elimination provision reduces Social Security benefits for individuals who receive a pension from work not covered by Social Security and also qualify for Social Security benefits based on other work. This provision primarily impacts individuals who have worked in both the public and private sectors.
By repealing these provisions, Bill 118 HRES 1364 seeks to provide relief to individuals who have been negatively impacted by the Government pension offset and windfall elimination provisions. This could potentially result in increased Social Security benefits for affected individuals, allowing them to better plan for their retirement and financial security.
Overall, the passage of this bill could have significant implications for individuals who have worked in both government and non-government jobs and are currently receiving Social Security benefits. It is important to monitor the progress of this bill in Congress to see how it may impact current and future retirees.