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The Social Security Amendments of 1983 (Public Law 98-21) provided for the WEP as a means of eliminating the "windfall" of social security benefits received by beneficiaries who also receive a pension based on work not covered by Social Security. [3] The windfall in question refers to the subsidization of the PIA for beneficiaries with lower ...
The WEP was put into place to reduce Social Security benefits for anyone who receives a pension or disability benefits from jobs where they didn't pay the Social Security portion of the FICA ...
The move comes as Social Security recipients are receiving a 2.5% cost-of-living adjustment (COLA) in 2025.. Here is what to know about the bill and who will be eligible for the boosted benefits.
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 WEP is preventing her from receiving her full Social Security benefits, and on top of that, she is missing out on $400 each month from her late husband’s benefits as well, thanks to the GPO ...
The WEP and GPO provisions outline how Social Security deals with retirees who receive pensions. Under the WEP, Social Security benefits are reduced if you receive a pension from work, did not pay ...