The Windfall Elimination Provision (WEP) is a critical formula that can reduce your Social Security retirement benefits if you receive a pension from employment where Social Security taxes were ...
The Social Security Fairness Act ends both the WEP and the government pension offset, increasing the Social Security checks ...
After more than 38 years of employment, some as a part-time public employee, a reader is wondering if the Windfall Elimination Provision is reducing his Social Security benefits. I have worked ...
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 ...
There were two Social Security policies that impacted a select number of earners who benefit from a public pension that is based on work that was not covered under Social Security: The Windfall ...
In 1983, the Windfall Elimination Provision and the Government Pension Offset, which reduced Social Security payments for retired police officers, firefighters, postal workers and teachers, were ...
President Joe Biden signed the Social Security Fairness Act on January 5, eliminating the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) and so opening up higher benefit ...
Kate Dias was still in Washington, D.C. on Tuesday morning, ostensibly because of a significant snowstorm that hit the nation’s capitol early this week, but she spent some time savoring a piece of ...