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Americans who receive pensions have a complicated relationship with the Social Security system due to a couple of federal rules designed to reduce excessive Social Security payouts: the Windfall...
The Social S ecurity Fairness Act, would eliminate the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), which reduce Social Security benefits for certain retirees who ...
Updated November 26, 2024 at 8:53 AM Public sector workers are on tenterhooks, hoping sometime in the next six weeks the Senate will pass a bill to allow them to receive Social Security benefits ...
The windfall elimination provision reduces Social Security benefits for individuals who receive pension or disability benefits from employment that did not require them to contribute payroll taxes ...
The Social Security Fairness Act is a proposed United States law that would repeal the Social Security Government Pension Offset and Windfall Elimination Provision. [1] The bill passed the House in November 2024, and also passed the Senate in December. [2]
After receiving approval from the U.S. Senate in the early morning hours of Dec. 21, the Social Security Fairness Act is set to be presented to the president and signed into law.
The Windfall Elimination Provision reduces the Social Security benefits of someone who also receives a public pension from a job not covered by Social Security.
Since its passage, bills have been introduced in Congress almost every session to repeal this provision. In 2024, HR 82, the Social Security Fairness Act, passed both houses of Congress and is awaiting President Joe Biden's signature. [4]