Provides relative to the Government Pension Offset and Windfall Elimination Provision
Impact
If enacted and supported, HCR20 would not directly change state laws but instead call on federal legislators to act on behalf of Louisiana residents adversely affected by the GPO and WEP. The resolution highlights a growing concern in the state about how federal laws can negatively impact the quality of life for its citizens, especially as the population ages and more individuals rely on Social Security. By advocating for the repeal of these provisions, the resolution seeks to improve financial security for those who dedicated their careers to public service.
Summary
HCR20 is a House Concurrent Resolution that seeks to memorialize the United States Congress to review and eliminate the Government Pension Offset (GPO) and Windfall Elimination Provision (WEP). These provisions currently reduce Social Security benefits for individuals who receive pensions from federal, state, or local government systems. The resolution aims to address the financial strain that these reductions impose on thousands of public servants and their families, particularly those in lower-income jobs such as teachers and firefighters, and promote fairness in Social Security benefits.
Sentiment
The sentiment surrounding HCR20 appears to be overwhelmingly supportive, with a legislative vote reflecting a unanimous agreement among participating members. This bipartisan support underlines the recognition of the issue's gravity among lawmakers and resonates with their constituents who are affected. The advocacy for this resolution indicates a collective desire to rectify perceived injustices in federal policy regarding Social Security benefits.
Contention
While the resolution advocates for change at the federal level, the primary contention lies in the complexity of federal regulations and the practical challenges associated with enacting changes. Some may argue about the feasibility of abolishing or modifying the GPO and WEP, as these policies have been entrenched in federal law for years. However, the resolution’s proponents emphasize the need for an ongoing dialogue with Congress to push for fairness and equity in Social Security benefits for those reliant on government pensions.
Provides for the composition, terms, powers, and duties of the Shreveport police and firefighters' pension boards of trustees. (gov sig) (EN NO IMPACT APV)
Provides relative to the funding deposit account for Municipal Police Employees' Retirement System and authorizes the board of trustees of the system to modify employer contributions (EN SEE ACTUARIAL NOTE FC)