W Drinking Again? Signs Pro-Gay Legislation
Forgive me for being cynical when it comes to George W. Bush, particularly when it comes the LGBT rights, but either he’s drinking again or he’s searching for some way to put a bandage on his gloomy legacy. By signing the Worker, Retiree and Employer Recovery Act of 2008 (“WRERA”) Bush effectively told employers that they must roll over an employees retirement plan into a non-spousal beneficiaries retirement account as part of the inheritance (in other words the act allows the inheritance beneficiary to roll-over the retirement savings of a deceased nonspouse into an IRA). This is one of the 1400+ benefits previously denied same-sex couples.
HRC, the organization that has been under severe scrutiny from the LGBT community for its lack of participation in LGBT events such as those promoted by Join the Impact, has released an article describing the action. HRC’s President, Joe Solomnese stated:
Our community faces unique challenges in preparing for retirement because we are denied Social Security spousal and survivor benefits. Protecting our hard-earned retirement savings is even more crucial to us, and until now, the tax code made it that much harder.
Although I’m extremely happy to report some level of federal recognition of gay couples, I’m saddened that in order to obtain the benefit, one of us has to die. Perhaps in the near future the federal government will recognize living gay couples as such.
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