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Decades in the making, the bill would repeal two federal policies — the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) — that broadly reduce payments to nearly 3 ...
The House voted to pass the legislation Nov. 12, and the Senate approved it on Friday, Dec. 20. Social Security is projected to run out of funds in 2035 unless there is a change made to the fund's ...
The Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) "penalize families across the country who worked a public service job for part of their career with a separate ...
The Social Security Fairness Act is a United States law that repealed the Social Security Government Pension Offset and Windfall Elimination Provision. [1] The bill passed the House in November 2024 and then passed the Senate in December. [2] It was signed into law by President Biden on January 5, 2025. [3]
Schumer, a Democrat and co-sponsor of the legislation, could invoke a Senate rule that would skip a committee hearing and send the bill directly to a floor vote by the full Senate. "If Schumer ...
The Congressional Budget Office estimates that eliminating the Windfall Elimination Provision would boost monthly payments to the affected beneficiaries by an average of $360 by December 2025.
The first is the Windfall Elimination Provision (WEP). “The WEP reduces benefits for retired or disabled workers who have fewer than 30 years of significant earnings from employment covered by ...
Last week, a bipartisan majority of the U.S. House passed the Social Security Fairness Act to eliminate the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), which ...