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Dear Rusty: I don’t understand exactly how the Windfall Elimination Provision works for my situation. I turned 62 in 2017 and am currently still working in a “non-covered” job, not paying into Social ...
The repeal of the Windfall Elimination Provision (WEP) marks a significant shift in Social Security benefits for many retirees. With over $7.5 billion in retroactive payments already distributed ...
The Windfall Elimination Provision reduced how much beneficiaries receive from Social Security if they also get pensions or disability benefits from uncovered work.
The Windfall Elimination Provision reduced how much beneficiaries receive from Social Security if they also get pensions or disability benefits from uncovered work. It applied to those who paid Social ...
The Social Security Fairness Act, signed into law on January 5, 2025, eliminated two long-standing provisions: the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO).
How the Windfall Elimination Provision reduced benefits When the WEP was in effect, a formula was applied to a retiree's potential monthly benefit and it would reduce the benefit.
Sterling Wealth Management's Sharon Allen and Daly Andersson answer Jana Wiersema's questions about the impact of the new Social Security Fairness Act.
The Social Security Fairness Act repeals two provisions that reduce or eliminate Social Security benefits for public sector workers: the Windfall Elimination Provision and Government Pension Offset.
The bill repeals provisions, called the Government Pension Offset and Windfall Elimination Provision, that reduce benefits for thousands of public service workers in Connecticut.
That’s because Congress recently voted to repeal two laws that have been on the books for around 40 years: the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO).