Author: United States. Internal Revenue ServicePublisher:
ISBN:
Category : Civil service
Languages : en
Pages : 208
Book Description
Federal-state Reference Guide
Author: United States. Internal Revenue ServicePublisher:
ISBN:
Category : Civil service
Languages : en
Pages : 208
Book Description
Social Security
Author: Publisher:
ISBN:
Category : Local officials and employees
Languages : en
Pages : 2
Book Description
Social Security Coverage for State and Local Government Workers
Author: William G. GalePublisher:
ISBN:
Category :
Languages : en
Pages : 38
Book Description
Since it was created in 1935, Social Security has grown from covering about half of the work force to covering nearly all workers. The largest remaining exempted group is a subset of state and local government workers (SLGWs). As of 2008, Social Security did not cover about 27 percent of the 23.8 million SLGWs (Congressional Research Service 2011). Non-coverage of SLGWs is concentrated in certain states scattered around the country and includes workers in a diverse set of jobs, ranging from administrators to custodial staff. Some police and fire department employees are not covered. About 40 percent of public school teachers are not covered by Social Security (Kan and Alderman 2014). Under current law, state and local governments that do not offer their own retirement plan must enroll their employees in Social Security. But if it does offer a retirement plan, the state or local government can choose whether to enroll its workers in Social Security. This paper reviews and extends discussion on whether state and local government workers should face mandatory coverage in Social Security. Relative to earlier work, we focus on links between this issue and recent developments in state and local pensions. Although some of the issues apply equally to both existing and newly hired SLGWs, it is most natural to focus on whether newly hired employees should be brought into Social Security.
The Desirability and Feasibility of Social Security Coverage for Employees of Federal, State, and Local Governments and Private, Nonprofit Organizations
Author: Universal Social Security Coverage Study Group (U.S.)Publisher:
ISBN:
Category : Employee fringe benefits
Languages : en
Pages : 334
Book Description
State and Local Pensions
Author: Alicia H. MunnellPublisher: Rowman & Littlefield
ISBN: 0815724136
Category : Business & Economics
Languages : en
Pages : 266
Book Description
In the wake of the financial crisis and Great Recession, the health of state and local pension plans has emerged as a front burner policy issue. Elected officials, academic experts, and the media alike have pointed to funding shortfalls with alarm, expressing concern that pension promises are unsustainable or will squeeze out other pressing government priorities. A few local governments have even filed for bankruptcy, with pensions cited as a major cause. Alicia H. Munnell draws on both her practical experience and her research to provide a broad perspective on the challenge of state and local pensions. She shows that the story is big and complicated and cannot be viewed through a narrow prism such as accounting methods or the role of unions. By examining the diversity of the public plan universe, Munnell debunks the notion that all plans are in trouble. In fact, she finds that while a few plans are basket cases, many are functioning reasonably well. Munnell's analysis concludes that the plans in serious trouble need a major overhaul. But even the relatively healthy plans face three challenges ahead: an excessive concentration of plan assets in equities; the risk that steep benefit cuts for new hires will harm workforce quality; and the constraints plans face in adjusting future benefits for current employees. Here, Munnell proposes solutions that preserve the main strengths of state and local pensions while promoting needed reforms.
Termination of Social Security Coverage
Author: United States. Congress. Senate. Special Committee on AgingPublisher:
ISBN:
Category : Civil service
Languages : en
Pages : 64
Book Description
State and Local Government Terminations of Social Security Coverage
Author: United States. Congress. Senate. Special Committee on AgingPublisher:
ISBN:
Category : Local officials and employees
Languages : en
Pages : 108
Book Description
The Future of Social Security for this Generation and the Next
Author: United States. Congress. House. Committee on Ways and Means. Subcommittee on Social SecurityPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 164
Book Description
Termination of Social Security Coverage for Employees of State and Local Governments and Nonprofit Groups
Author: Publisher:
ISBN:
Category : Local officials and employees
Languages : en
Pages : 40
Book Description
Social Security Administration
Author: Daniel BertoniPublisher: DIANE Publishing
ISBN: 1437940811
Category : Political Science
Languages : en
Pages : 59
Book Description
This is a print on demand edition of a hard to find publication. In 2007, 73% of state and local gov¿t. employees were covered by Social Security (SS). Unlike the private sector where most employees are covered by SS, federal law generally permits each public employer to decide which employees to cover. The Social Security Admin. (SSA) is responsible for facilitating SS coverage for these employers through agreements with states. SSA is also responsible for maintaining accurate earnings records, while the IRS ensures SS taxes are paid. Because of the need to ensure that SS coverage is administered accurately, this report reviewed: (1) how SSA works with states to approve SS coverage and ensure accurate coverage of public employees; and (2) how IRS identifies incorrect SS taxes for public employees. Illustrations.