The Social Security Fairness Act of 2024 removes the Windfall Elimination Provision and Government Pension Offset rules, benefiting nearly 3 million retired public service employees with increased and ...
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 ...
Two key provisions, the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), have historically ...
The legislation repeals the punitive Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), which has prevented teachers, police officers, firefighters and other public service ...
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 ...
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 ...
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 ...