Legislative Resources
"It's a different world for young professionals. They are, and need to be, very much self-sufficient in providing for their finances, including retirement planning."
Legislative Resources: Social Security
Social Security Update
Important Background Information
Employees of Texas community colleges planning to retire from schools that do not participate in the Social Security system are potentially affected by two provisions of federal law, the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO).
Check out valuable information about the GPO and WEP, as well as other issues of interest to all community college faculty provided by the Social Security Administation.
Background information on the GPO, which potentially reduces or eliminates spousal survivor benefits and background information on the WEP, which can reduce benefits for those who are otherwise qualified for Social Security (due to previous or supplemental employment) are also available through the Social Security Administration.
Efforts to Repeal GPO and WEP Continue
Nationwide efforts continue for outright repeal of GPO and WEP. Success will be difficult given the current deficit, plus the fact that these two provisions apply only in 15 "non-mandatory" states in which school and college districts have chosen (in most cases many years ago) not to participate in Social Security. In other words, elected officials from 35 states may not view the inevitable cost of changing the system as crucial.
Members are urged to visit this page periodically for any significant developments. TCCTA plans to distribute Legislative Updates via e-mail at the most appropriate time.
Contact information for members of the U.S. House and Senate.
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