Posts tagged Social Security
Chairwoman Foxx, Ranking Member Cassidy Introduce Bill Recouping Pension Bailout Sent for Dead People, Increasing Oversight of Pension System
January 31, 2024 // In November, the Pension Benefit Guaranty Corporation’s (PBGC) Office of Inspector General (OIG) published a report disclosing that the PBGC overpaid the Central States fund by $127 million after the plan included at least 3,479 dead participants in its bailout request. According to the PBGC OIG, the PBGC’s review process did not require cross-checking the plan participant list with the Social Security Administration’s (SSA) Full Death Master File (Full DMF), despite this practice being recommended as a standard procedure by the OIG. As far back as 2018, the OIG instructed PBGC that using the Full DMF is not only crucial, but essential, to prevent overpayments of annuities to people who are already dead. Under questioning from Sen. Cassidy, Teamsters President Sean O’Brien, who represents nearly 350,000 Central States, Southeast and Southwest Areas Pension Fund (Central States Pension Fund) retiree participants, stated that the fund should return $127 million in taxpayer dollars that were wrongfully paid to it. However, the PBGC has indicated it does not intend to recoup this money, even though it has the legal authority to claw back wrongfully obtained funds. Further, the Central States Pension Fund has not returned the overpayment of taxpayer funds and is treating them as a fund asset. We still do not know how much the PBGC has overpaid for ghost annuities in total to all multiemployer pension plans.
Op-ed: Workers Rights Won by Unions, From the 8-Hour Workday to Overtime Pay
September 11, 2023 // The overall proportion of unionized workers in the United States remains relatively low, with only one in every 10 workers in the country belonging to a union. But whether you're a union worker or not, you may benefit from policies for which unions have fought long and hard — and they continue to fight. Labor organizing has helped secure everyday benefits that many of us now take for granted. And these efforts have shown people what kind of protections they can hope to secure in the workplace.
It’s a Gloomy Outlook for Jobs Under Biden. Here’s the Formula to Change That.
May 19, 2023 // For the sake of personal and societal happiness, for the sake of the financial well-being of American families, for the sake of solving America’s dire fiscal situation, and for the sake of preserving the foundation of American society, policymakers need to recognize the value and rewards of work. By protecting individuals’ rights to pursue the type of work and compensation that is best for them, expanding alternative education and job-training opportunities, and not forcing workers into unions, policymakers can expand opportunities for people to achieve meaningful and rewarding work. Work truly affects every aspect of American life. Our economy, our personal financial and physical well-being, our nation’s fiscal sustainability, and even our national security depend on it.
The biggest federal employee union expands its international presence
April 20, 2023 // Some 10,000 federal employees working in Europe will soon be eligible for the American Federation of Government Employees. AFGE has launched a new local, as it expands coverage. Tom Temin And what are the timelines and schedules here? When does this election take place? When does it get certified? And how long will this all take? Peter Winch Well, we would hope to file for an election Defense Health Agency continent-wide. And we have a new logo, which is based on our U.S. logo with the map of Europe. And we have a new card for people to fill out if they want to have an election at their workplace. And if they contact AFGE, and we’re getting a lot of contacts, they can join by what we call E-dues. So I work for District 14, we have Local 14 and the dues are $14. If you’re an at large member, and if we succeed in these elections, it’ll be $20 and you get all the benefits of membership then.
Biden’s regulatory machine wants to stifle the freedom of the American worker
October 31, 2022 // Frankly, workers are not helpless. They are perfectly capable of choosing their own lifestyles and can evaluate their labor choices along with the compensation and benefits each provides. We currently have an economy in which, for the entirety of 2022, the number of job openings has nearly outnumbered unemployed workers 2-1. If these “gigs” were so horrible, these people would seek other employment. Moreover, the Biden administration’s mandated reclassification would significantly increase the cost of doing business for both small businesses and large companies such as Uber, Doordash, and others that provide unique economic opportunities for gig workers. This heavy-handed regulatory approach will discourage entrepreneurial innovation and result in added costs that will be passed along to the consumer.
Labor unions, including AFSCME, rally for Biden at NEA
September 28, 2022 // He talked about the American Rescue Plan, which passed Congress with help from AFSCME members and brought the economy back from the brink, and about the Inflation Reduction Act, which will lower prescription drug costs, reduce the deficit and do so much more. He got big cheers from the crowd when he mentioned his plan for student debt relief, which will lower loan balances for millions of borrowers – “a game changer” for many Americans, he said. Biden praised his administration’s track record on the economy, pointing out that 10 million jobs have been created since he became president. He also said more than 220 million Americans have been vaccinated against COVID-19 since he took office.
Social Security Workers to Return to Offices Possibly by the End of March
January 20, 2022 // The Social Security Administration announced Wednesday that it had reached agreements with all of its federal employee unions to begin bringing workers back to agency worksites with a target date of March 30, after making several key concessions to labor groups.