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The Windfall Elimination Provision is designed to calculate her Social Security benefit as if she is a high earner at $125,000 all in the Social Security system.
But the number of people affected by WEP has grown 14.7% in five years ending 2018, and experts say WEP can be a big shock for those unaware of the provision. Here’s what you need to know about ...
What Is the Windfall Elimination Provision? The windfall elimination provision (WEP) ... In fact, in December 2020, more than 1.9 million Americans were affected by the WEP.
The windfall elimination provision (WEP) reduces Social Security benefits for certain employees who may be double-dipping on a pension.