I fear the social security fairness act s.597 may get killed by a pocket veto [View all]
The rules that took away a large share of the social security benefits that a person paid into were written by people who wanted to divide and conquer as they took apart social security. Ronald Reagan signed the WPA into effect. He was doing this for people that really hate the thought that there is a place where money can be put that might be safe from predatory acquisition. In their minds, that sort of thing goes entirely against the purpose of capitalism. In their dreams, a person should pay into retirement accounts that then disappear as companies are bought and sold.
For those who don't understand this, right now, if a person who worked 25 years in the private sector and develops skills that they then share in education for 20 years retires, they will get to retire with the retirement limited by their 20 years of service and 40% of the social security benefits they paid into for 25 years. This means a person will receive the equivalent of 30 years of benefits after having worked for 45 years. Thanks to Ronald Reagan who communicated so well, and the conservative writers of the WEP, this money has been stolen from educators and public servants for years.
Sadly there are folk who will try to convince Biden to let the WPA continue and they might convince him to let the Fairness act die in a pocket veto. He signed 50 bills before Christmas but not this one. Now he is on vacation and on Jan 2, if this is not signed it will go away.