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For years, people who were eligible for certain government benefits had some of their Social Security withheld due to two provisions — the Windfall Elimination Provision (WEP) and the Government ...
The Windfall Elimination Provision (WEP) penalized certain retirees. “Right now, WEP can reduce your Social Security benefit if you also get a pension from non-covered work,” Ray explained.
The Social Security landscape in the United States is undergoing significant changes, impacting millions of beneficiaries.
Many people are used to working, paying taxes on their income, and collecting Social Security in retirement. But it used to be that for some people, it wasn’t a given that they would get their ...
The Social Security system in the United States is undergoing significant transformations, impacting millions of Americans.
The Social Security Fairness Act was signed into law by President Joe Biden in January 2025 to repeal the Windfall Elimination Provision and Government Pension Offset. The law means retirees, and ...
Even if someone paid Social Security taxes through a different job, they could have seen their retirement benefits reduced as a result of two provisions: the Windfall Elimination Provision and the ...
Early this year, near the end of his term in office, President Biden signed the Social Security Fairness Act, a law that ended the Windfall Elimination Provision and Government Pension Offset ...
“Congress broke a promise 40 years ago to millions of Americans when it enacted the Windfall Elimination Provision and the Government Pension Offset,” said Edward Kelly, general president of ...
Both the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) were repealed by the Social Security Fairness Act. This affected Social Security’s costs at a time when the ...
Over the past 60 days, recipients have pointed out two important Social Security updates. To start, the Windfall Elimination Provision and Government Pension Offset was repealed.
Meanwhile, Social Security's trust funds — which cover old age and disability recipients — will be unable to pay full benefits beginning in 2034, instead of last year's estimate of 2035.