Huge Promise Broken to Retirees | 'No Taxes on Social Security' Removed Form Big Beautiful Bill; Will Senate Democrats Add It?

  Trump Is Already Reneging On His ‘No Tax On Social Security’ Promise

"...Donald Trump is already reneging on one of the promises he repeatedly made to a key voting bloc to win back the presidency, his vow to eliminate taxes on millions of retirees’ Social Security payments.

“No tax on Social Security benefits for our seniors,” he told rallygoers in Prescott Valley, Arizona, on Oct. 13. “And you deserve it.”..."

Trump repeated it yet again: “No tax on Social Security benefits for seniors, which is so great.” ...In reality, though, Trump and his congressional allies are offering Social Security recipients a mere fraction of the financial benefit they have been promising since last year. Instead of making Social Security benefits tax-free, House Republicans have now ... a bait and switch,” said Jason Furman, a Harvard University economics professor ...

Reference: www.yahoo.com




 

News From Other Unions | House Passes Bill to Eliminate the FERS Supplemental “Bridge” Payment

  House Passes Bill to Eliminate the FERS Supplemental “Bridge” Payment

"...H.R. 1 would eliminate the FERS annuity supplement for certain employees, which would begin to apply on January 1, 2028. The FERS annuity supplement is an earned benefit that makes it financially possible for postal workers to retire before age 62, which is when Social Security benefits begin. Essentially, this supplement is a monthly payment that helps bridge the gap between an employee’s retirement and Social Security eligibility.

For example, a postal employee age 57 who has met their years of service requirement and is eligible can retire knowing they will receive a monthly payment until their Social Security benefits begin at age 62. If the FERS annuity supplement is eliminated, many postal workers aged 57 to 62 who are eligible to retire will have a choice — take less in retirement without this supplement or continue working years longer until they can collect Social Security.

Thanks to the pressure that postal workers, labor unions, and other allies placed on members of Congress through phone calls, letters, and even trips to Washington, DC, we were able to remove two other harmful provisions in the original version of this tax-cut bill. One provision would’ve increased the FERS employee contribution rate to 4.4% for all active employees, and the other would’ve replaced the high-3 FERS annuity calculation with a high-5 calculation, which would result in a reduction in annuity payments.

The APWU stands firm against the elimination of the FERS annuity supplement..."

Reference: APWU