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Re: Social Security Fairness Act of 2003 (H.R. 594/S. 349)![]()
Posted by Wake Up, Alaska teachers on 9/16/03
On 7/24/03, Effects most teachers' families/needs your
support wrote:
> Social Security Fairness Act is needed to rectify the
> Government Pension Offset and Windfall Elimination
> Provision. If you live or worked in Alaska, California,
> Colorado,Connecticut, Georgia, Illinois, Kentucky,
> Louisiana, Maine, Massachusetts, Missouri, Nevada, Ohio,
> Rhode Island, and Texas,>>>>
====================
These two Congressional gimmicks" are moving YOUR State
Employee Retirement System Trust Fund money to Washington to
provide a "dollar for dollar" GAIN in the Federal OASDI Trust
Fund.
In effect, Alaska general revenue tax base is "supporting" a
Federal "Program" funded by a "collection procedure" designed
specifically TO USE FUNDS SEPARATE AND APART from ANY general
tax base.
Don't believe it???? Ask ANY knowledgeable CPA.