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The Windfall Elimination Provision affects people who qualify for Social Security benefits through their job but also receive a pension from another job where they didn't pay into Social Security.
The legislation would repeal decades-old tax rules known as the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) that have reduced Social Security benefits for workers ...
Without reform, the government would have to slash all Social Security benefits by 23% in 2035. Passing the Social Security Fairness Act is likely to increase Social Security's spending by nearly ...
Social security benefits were reduced by two-thirds of the non-covered government pension amount. [1] Note this is not two-thirds of the Social Security benefit; for example, a $600 non-covered pension benefit would reduce Social Security spousal benefits by $400, regardless of whether the spouse was entitled to $500 or $1000 on the Social Security record of the number holder.
Decades in the making, the bill would repeal two federal policies — the Windfall Elimination Provision and the Government Pension Offset — that currently limit Social Security payouts for roughly 2.8 million people, according to reports from the Congressional Research Service.
The U.S. Senate recently voted to proceed with the Social Security Fairness Act, a bipartisan bill that could expand Social Security benefits for nearly 3 million Americans.
A new bill on its way to President Biden's desk will boost the Social Security benefits for thousands of ... The other policy being cut by this bill is known as the Government Pension Offset. The ...
The act also eliminates the Government Pension Offset, which can reduce spousal benefits if you get retirement or disability income from government-based work that doesn't require you to pay ...