Social Security Provision Could Cost States Story aired: Tuesday, March 08, 2005
The Bush administration may be considering another controversial way of shoring up Social Security.
The Boston Globe reports this week that the White House may propose shutting off the exemption from Social Security taxes for state and local public employees who have retirement plans through public pensions.
Right now, public employees can opt into Social Security if they want too, but they often choose not to, because benefits paid by public pension plans are usually higher than those paid by Social Security.
Guests:
Tom Lussier represents the Coalition to Preserve Retirement Security, a group that wants to keep public employees' participation in Social Security voluntary. He spoke with Here and Now's Bob Oakes.
