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The Social Security Fairness Act, one of the most bipartisan bills in Congress this session, aims to repeal WEP and GPO. The House voted to pass the legislation Nov. 12, and the Senate approved it ...
The bill passed the House of Representatives last month on a 327-75 vote, and on Wednesday Sen. Majority Leader Chuck Schumer, D-New York, spoke about his desire to get the act to the president's ...
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 ...
That’s less than half the $21 he would have received if COLA was applied to the benefit before WEP, and the $10.30 increase, to $185.00, in the standard monthly premium for Medicare Part B in ...
The Government Pension Offset reduces survivor or spousal benefits if a person’s pension is non-covered. GPO affects fewer people, but it cuts the Social Security benefit by two-thirds of the ...
The Social Security Fairness Act cleared a key procedural hurdle Wednesday, soaring past the 60 votes it needs to advance by a vote of 73-27. This puts the legislation on a glide path toward final ...
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 would repeal two federal policies — the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) — that reduce Social Security payments to ...