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Social security benefits were reduced by two-thirds of the non-covered government pension amount. [1] Note this is not two-thirds of the Social Security benefit; for example, a $600 non-covered pension benefit would reduce Social Security spousal benefits by $400, regardless of whether the spouse was entitled to $500 or $1000 on the Social Security record of the number holder.
The Social Security Fairness Act (SSFA), which was recently signed into law by former president Joe Biden, eliminates rules that reduce Social Security benefits for those who also get income from...
The government pension offset reduces Social Security benefits for spouses, widows and widowers who also have pension income. More than 745,000 Americans are affected by the GPO.
The chamber approved House Resolution 82, the Social Security Fairness Act, by a 327-76 margin, with 191 Democrats and 136 Republicans voting in favor. The measure now goes to the Senate.
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 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 Social Security Board of Trustees has said Social Security will become insolvent in 2035. More: Speaker Mike Johnson of Shreveport honors Hidden Figures of Space Race with Congress award
The Social Security Fairness Act would repeal two federal policies — the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) — that reduce Social Security payments to ...