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In 2024, HR 82, the Social Security Fairness Act—repealing the WEP—passed both houses of Congress, and was signed by President Joe Biden on January 5, 2025. [11] According to the Congressional Research Service, approximately 2.1 million people were affected by the WEP as of December 2023.
The WEP impacts about 2 million Social Security beneficiaries and the GPO nearly 800,000 retirees. Various forms of the measure have been introduced over the years, but like many legislative ...
The purpose of these two 1980s-era programs was "so that there was no way you could 'double dip' into both a federal pension and Social Security," explains Jill Schlesinger, CBS News business analyst.
Image source: Getty Images. 1. Social Security's 2025 cost-of-living adjustment (COLA) For months, there's been speculation about next year's Social Security COLA.
Extending the tax cuts for all taxpayers for only two years would cost $561 billion over the next 10 years. [ 36 ] The non-partisan Congressional Research Service has estimated the 10-year revenue loss from extending the 2001 and 2003 tax cuts beyond 2010 at $2.9 trillion, with an additional $606 billion in debt service costs (interest), for a ...
WePay is a privately held company that offers payment capabilities to business platforms, making money through charging service fees when processing funds. WePay enables payments to platforms through its APIs. WePay offers fraud and risk protection as a service through its proprietary risk prevention system and through several third party vendors.
The Congressional Research Service estimates that “the two largest groups of Social Security beneficiaries that may be (or are currently) affected by the GPO and WEP are (1) about 28% of state ...
Microsoft Entertainment Pack was designed by the company's “Entry Business” team, whose job was to make Windows more appealing to homes and small businesses. Ex-Microsoft product manager Bruce Ryan said the company did this because it "was concerned that the operating system’s high hardware requirements meant that people would only see it ...