While Americans have been paying into the system for years, the Social Security Administration is scheduled to run out of ...
The Issue Eliminating Social Security’s Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) would create an unequal benefit structure and hasten Social Security’s insolvency.
A Social Security bill that would have repealed two rules that lower benefits for certain retirees was brought forward by ...
Lawmakers in the House finally seem set to pass legislation to repeal two controversial tax provisions that affect some ...
The windfall elimination provision (WEP) is a formula that effectively reduces Social Security and disability benefits for certain retirees who receive a pension during retirement, in addition to ...
The WEP reduces the earned Social Security benefit for workers who receive pensions from work not covered by Social Security – like those federal workers who retired under CSRS. The GPO reduces ...
That group could lose up to two-thirds of their retirement earnings under the current system, but help may be on the way from Washington.
I retired at my full retirement age, am now 79 and will be 80 in December. I have been working consistently since. I get a ...