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The Social Security Fairness Act would repeal two federal policies: the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). The WEP can affect those who have worked long ...
“The Social Security Fairness Act fully repeals the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO),” wrote Devin Carroll, CFP and owner and lead advisor at ...
The Social Security Fairness Act, one of the most bipartisan bills in Congress this session, aims to repeal WEP and GPO. The House voted to pass the legislation Nov. 12, and the Senate approved it ...
"The Senate should reject WEP and GPO repeal. Instead, they should come together to try to fix the issues with WEP and GPO as part of a comprehensive package to strengthen Social Security, prevent ...
To address the problem, lawmakers earlier this year reintroduced the bipartisan Social Security Fairness Act, which aims to repeal the WEP and GPO. The bill has “broad bipartisan support among ...
A new Bankrate survey found that 53% of workers expect to rely on Social Security benefits to pay their necessary expenses once they retire. Meanwhile, 73% of those polled worry that the benefits ...
The Government Pension Offset (GPO) was a statutory provision in United States law which affected benefits paid by the Social Security Administration. It was repealed by the Social Security Fairness Act of 2023 (H.R. 82), which President Biden signed on January 5, 2025.
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 ...