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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.
1967 - Social Security Act Amendments, Pub. L. 90–248 1969 - Tax Reform Act of 1969 , Pub. L. 91–172 1971 - Social Security Amendments, Pub. L. 92–5
Social Security payroll taxes are collected under the Federal Insurance Contributions Act . This tax is 12.4%, split evenly between employers and their employees at 6.2% each.
It provides for certain exceptions, such as for military personnel, immigration enforcement, national security, and public safety—as well as allowing for other exemptions to be made by the director of OPM (which were subsequently made, such as for certain internships, fellowships, seasonal workers, and USPS employees). [5]
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 ...
Social Security provides essential benefits for millions of retirees. But those who receive government pensions that weren't funded by Social Security could lose some of their spousal benefits ...
The Social Security Fairness Act is a United States law that repealed the Social Security Government Pension Offset and Windfall Elimination Provision. [1] The bill passed the House in November 2024 and then passed the Senate in December. [ 2 ]
When the House returns to session, one of the first bills it will consider is H.R. 82, the “Social Security Fairness Act,” which will repeal the Windfall Elimination Provision and Government ...