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The proposed legislation, known as the Social Security Fairness Act, would erase the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), which have long been criticized ...
“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 ...
According to a CBS News analysis of federal data, these policies are one of the most common reasons for Social Security overpayments, which have totaled more than $450 million in fiscal years 2017 ...
"The Senate finally corrects a 50-year mistake," proclaimed Senate Majority Leader Chuck Schumer, a Democrat from New York, after senators approved the legislation at 12:15 a.m. Saturday, December 21.
President Biden signed legislation into law over the weekend to expand Social Security benefits for droves of Americans. The measure, dubbed the Social Security Fairness Act, repeals two tax rules ...
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 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 ...
It took 40 years for Congress to pass a law to boost Social Security for public workers. Now, SSA says they must wait at least a year for the money. Public workers waited 40 years for law to boost ...