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Social Security Windfall Elimination Provision (WEP) Chart
(January, 2004)
How the Windfall Elimination Provision Can Affect Your Social Security Benefit. This chart makes it easy to see how much your
social security benefit will be reduced due to a non-social security government pension.
The 2004 OASDI Trustees Report
(March 23, 2004)
Little Change in Long Term Solvency of Social Security.
Brookings Institution Policy Brief 126
(March 2004)
The Brookings Institution in Washington published Policy Brief 126 in December that proposed a social security reform plan. The plan
endorsed mandatory social security coverage for newly hired state and local government employees (see page 3).
IRS Q & A on Military Differential Pay
(October 19, 2004)
This link will lead you to an Q & A from the Internal Revenue Service on military differential pay that has been a subject of interest to
NCSSSA and the states.
If you have any questions, please contact either me at (360) 902-9222 or Carolyn Fry (TX) at (512) 867-7373.
2005 Standard Mileage Rates
(November 17, 2004)
The IRS announced the 2005 optional standard mileage rates, effective January 1, 2005, to use in computing the deductible costs of
operating an automobile for business, charitable, medical or moving expense purposes. The standard mileage rate for the use of a car for business
purposes has increased by one and a half (3) cents to .405 cents per mile.
SSA/IRS Reporter Winter Edition
(November 29, 2004)
An article in the Winter issue of the SSA/IRS Reporter newsletter features the important work that is performed by State Administrators.
Please reference the article on page 5 of the newsletter.
SSA Form 1945, Statement Concerning Your Employment in a
Job Not Covered by Social Security
(December 1, 2004)
Section 419(c) of Public Law 108-203, the Social Security Protection Act of 2004 requires State and local government employers to disclose
the effect of the Windfall Elimination Provision and Government Pension Offset Provision to employees hired on or after January 1, 2005 in jobs not
covered by Social Security. These employees also must sign a statement that they are aware of a possible reduction in their future Social Security
benefit entitlement.
Treasury and IRS Clarify Employment Tax Treatment of Payments Made on the Signing or Cancellation of an Employment Contract
(December 2004)
The Treasury Department and the IRS today published two revenue rulings clarifying that payments by employers to employees
made in connection with employment contracts are to be treated as wages for purposes of FICA, FUTA and Federal income tax withholding.
ACT Third Report
(June 9, 2004)
The Advisory Committee on Tax Exempt and Government Entities (ACT) has released its third report.
Congressional Budget Office (CBO) study on Social Security Solvency
(June, 2004)
The Congressional Budget Office (CBO) has published an updated study that presents projections for Social Security under current law.
WEP Online Calculator
(April 2004)
This calculator allows you to estimate your Social Security benefit if you have a pension from work not covered by Social Security.
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