News

The Social Security landscape in the United States is undergoing significant changes, impacting millions of beneficiaries.
At issue are the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), both of which were introduced decades ago and both of which have drawn criticism for restricting Social ...
The Windfall Elimination Provision reduced benefits for certain workers, but its repeal by the Social Security Fairness Act could change how you plan for retirement.
Eliminating the windfall elimination provision would boost benefits for about 2 million individuals and cost about $88 billion through fiscal 2032, according to the Congressional Budget Office.
The Windfall Elimination Provision. To qualify for Social Security retirement benefits, you must earn 40 credits of coverage or the equivalent of 10 years of Social Security covered employment.
Both Neal and Brady have bills to eliminate the “windfall elimination provision” limiting benefits for about 2 million teachers, firefighters and other public employees who qualify for ...
The Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) have long been contentious elements of the Social Security system, impacting a select group of earners. These ...
The House approved the bill 325 to 75 and ultimately reversed the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) Provision.
That’s what the windfall elimination provision does. When that WEP formula is applied to my Social Security computation, it gives me the roughly 40% return rate rather than the 90% rate intended ...
As a retired Social Security Administration employee who is currently adversely impacted by Social Security’s Windfall Elimination Provision (WEP), I am in agreement with Brenton Smith’s ...
Example: Windfall Elimination Provision. Prior to the WEP, those who worked in jobs exempt from Social Security taxes often received larger Social Security benefits than the program intended.
A pair of federal government provisions designed to reduce excessive Social Security payouts are once again being targeted for elimination by U.S. lawmakers. At issue are the Windfall Elimination ...