The LASERS Board of Trustees considers the reduction or elimination of the federal offsets WEP and the GPO as a significant Board issue.
At its July 2019 meeting, the LASERS Board voted to support HR 3934, the Equal Treatment of Public Servants Act of 2019, introduced by Rep. Kevin Brady (R-TX). If passed, this legislation would permanently repeal the Windfall Elimination Provision (WEP) and transition to a new formula that the author says treats public servants like all other American workers. Review the highlights of HR 3934 as compared to the previous legislation and the mechanics of the bill in a letter from the Social Security Administration’s Chief Actuary.
At its October 2019 meeting, the LASERS Board voted to support HR 4540, the Public Servants Protection and Fairness Act, introduced by Ways and Means Committee Chairman Richard E. Neal (D-MA). If passed, Chairman Neal says this legislation is designed to “fix the Windfall Elimination Provision (WEP) for future retirees and provide meaningful relief to current WEP retirees.” Read the summary of HR 4540.
LASERS will continue to track both pieces of legislation and keep members informed as changes occur.
RSEA also monitors legislation on the state and federal level and is committed to the elimination of the offsets.
We encourage you to contact your congressmen directly.