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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 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 ...
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 legislation would repeal decades-old tax rules known as the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) that have reduced Social Security benefits for workers ...
In 2024, HR 82, the Social Security Fairness Act—repealing the WEP—passed both houses of Congress, and was signed by President Joe Biden on January 5, 2025. [11] According to the Congressional Research Service, approximately 2.1 million people were affected by the WEP as of December 2023.
Together, WEP and GPO affect nearly 3 million Americans including police officers, firefighters, postal workers and public-school teachers. The Senate approved the bill by a vote of 70-26 at 12:15 ...
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 ...
The Government Pension Offset (GPO) was a statutory provision in United States law which affected benefits paid by the Social Security Administration. It was repealed by the Social Security Fairness Act of 2023 (H.R. 82), which President Biden signed on January 5, 2025.