And 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 ...

The Social Security Fairness Act, which was passed in January, repealed both the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). This change controversially increased ...

Two new reports spend a good deal of time examining the solvency of the Social Security program. While Social Security's ...

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 SSFA repeals the Windfall Elimination Provision (WEP) from 1989 and the Government Pension Offset (GPO) from 1977, according to Don Grant, a CFP and CFP Board ambassador at CFP Board. “Those ...

By repealing the Windfall Elimination Provision (WEP) and Government Pension Offset ... estimated average increases of $360 for WEP-affected beneficiaries and $700 to $1,190 for those impacted by ...

"This eliminated the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) from the Social Security Act," Chad Gammon, owner of Custom Fit Financial, explained to Newsweek ...

The WEP reduced Social Security benefits for ... having paid over $14.8 billion in retroactive payments to more than 2.2 million individuals affected by the Windfall Elimination Provision and ...

The Social Security Administration says it has processed 2.5 million retroactive payments to people previously locked out of retirement benefits.

As of June 2025, many retirees are noticing an increase in their Social Security payments. This change comes as a result of the Social Security Fairness Act, signed into law on Ja ...