The Congressional Budget Office (CBO) estimates the repeal will cost taxpayers $196 billion over the next decade, plus an ...
Kathryn McCall, a CFP and financial adviser with CAPTRUST, highlights how individuals previously affected due to shifting from private to public sector roles will now receive fair compensation without ...
The legislation repeals the punitive Windfall Elimination Provision (WEP ... with many Republicans saying the government program originally meant to ensure Americans would stay out of poverty ...
The Windfall Elimination Provision had reduced Social Security for those who received "non-covered" pension income from public sector jobs that didn’t contribute to Social Security. The ...
Retired Canton City firefighter Carl Jordan has worked for nearly 10 years to repeal two federal provisions that reduce Social Security benefits for public workers. Jordan was invited to President ...
The legislation rescinds the Windfall Elimination Provision and the Government Pension Offset, which were enacted over 40 years ago. The Windfall Elimination Provision trimmed benefits for public ...
The CBO estimated in November that repealing the Windfall Elimination Provision and the Government Pension Offset would shorten the time before the program's insolvency by roughly six months.
About 2.1 million people, or about 3% of all beneficiaries, were affected by the Windfall Elimination ... trustees report released last May said the program’s trust fund will be unable to ...