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“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 ...
For instance, under the GPO, someone who receives a $900 spousal benefit from Social Security but who also has a $1,000 non-covered pension would see their Social Security benefit cut by $667.
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 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 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 chamber approved House Resolution 82, the Social Security Fairness Act, by a 76-20 margin. All 20 no votes were among Senate Republicans. The bill was previously approved by the House by a 327 ...
The act repeals two regulations — the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). The WEP, enacted in 1983, reduced previously earned benefits for retired ...
The Social S ecurity Fairness Act, would eliminate the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), which reduce Social Security benefits for certain retirees who ...