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The Government Pension Offset affects spouses, widows and widowers who receive government pensions and in some cases reduces their Social Security benefits, according to the SSA.
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 fully repeals the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO),” wrote Devin Carroll, CFP and owner and lead advisor at ...
The Government Pension Offset (GPO) 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 purpose of these two 1980s-era programs was "so that there was no way you could 'double dip' into both a federal pension and Social Security," explains Jill Schlesinger, CBS News business analyst.
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 1980s-era Windfall Elimination Penalty and Government Pension Offset prevent about 2.8 million government retirees nationwide who earned pensions from those careers from collecting their full ...
The Government Pension Offset reduces spousal Social Security benefits by two-thirds of a worker's government pension. Reps. Garret Graves, R-Louisiana, and Abigail Spanberger, D-Virginia, were ...