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Missouri
members of Congress request explanation from
Social Security and IRS regarding teacher
retirement
WASHINGTON, D.C. – Paying for retirement is hard enough in
today’s economic climate without the
government changing the rules mid-game.
But while many Missourians open their retirement statements
with a feeling of dread these days,
Missouri’s educators may be suffering from a
one-two punch.
Based on a new federal ruling, some public school employees
will no longer be able to pay into
Missouri’s popular Public School Retirement
System in lieu of Social Security – instead
they will have to pay into both but receive
reduced benefits. Nine members of the
Missouri Congressional delegation are trying
to find out why.
Employees at Missouri public schools have for decades
participated in the Missouri’s Public School
Retirement System rather than Social
Security, but under the new interpretation
of the term ‘teacher’, this will no longer
be possible for teacher’s aides and
countless other professionals working in
public schools.
As a result, individuals who have paid into the Public
School Retirement System for years will now
have to pay into Social Security as well,
forcing them to deduct more money from each
paycheck while receiving less benefits.
In a letter to the heads of the Social Security
Administration and the Internal Revenue
Services, the members of Congress expressed
their concern, asked for the rationale for
the changes, and requested more information
about how it will be implemented.
Nine members of the Missouri delegation signed the letter:
Senator Claire McCaskill, Senator Kit Bond,
Congressman Ike Skelton, Congresswoman Jo
Ann Emerson, Congressman Todd Akin,
Congressman William L. Clay, Congressman Sam
Graves, Congressman Russ Carnahan, and
Congressman Emmanuel Cleaver.
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