Search Results for: Windfall Elimination Provision

How the windfall elimination provision and government pension offset affects public employees

If you receive a pension from a job that did not deduct FICA taxes (Federal Insurance Contributions Act), your benefits from Social Security will be affected by the windfall elimination provision (WEP) and the government pension offset (GPO). For those…

The Windfall Elimination Provision (WEP), explained

Social Security’s Windfall Elimination Provision, also know as “WEP,” is the bane of many who have earned SS benefits, but who also retired from employment which did not participate in the Federal Social Security program. About 27 U.S. States and…

Addressing The Windfall Elimination Provision (WEP) and Its Impact on Affected Workers

Quite a bit has been written about “The Windfall Elimination Provision” (WEP) enacted decades ago in an effort to level the playing field concerning private- and public-sector employment pensions. In fact, the 116th Congress currently has two bills active to…

The Windfall Elimination Provision (WEP) – back in the spot light

Social Security’s Windfall Elimination Provision (WEP) was enacted in 1983 as part of broader legislation to restore program solvency. WEP reduces Social Security benefits for anyone who also has a pension from an employer who did not participate in the…

Ask Rusty: Windfall Elimination Provision (WEP) Affects State Retiree

Dear Rusty: I have a question in regard to the “windfall act.” I am receiving a pension from the State of Nevada. I retired from the State, and did not pay into Social Security, but I worked in the private…

Bill Introduced to Eradicate Current Social Security Windfall Elimination Provision (WEP)

(Source: House Ways and Means Committee Press Release) Brady, Neal Introduce Legislation to Ensure Equal Treatment for Teachers, Firefighters, Police Officers, and Other Public Servants When It Comes to Social Security Washington, D.C. – This week, House Ways and Means Committee Chairman…

The Windfall Elimination Provision

Many people assume the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) were put in place to prevent people from “double dipping.” It may have been one of the reasons, but it’s not the main reason. The attached…

Support repeal of the Windfall Elimination Provision and Government Pension Offset

For those whose life’s work has been in a public service job which didn’t participate in the Social Security program, a big surprise may hit them later in life. Even if they have worked enough outside public service to earn Social…

Ask Rusty – WEP: Windfall Elimination Provision

Dear Rusty:  During my first career, which lasted about 25 years, I worked for companies that withheld Social Security FICA taxes from my income.  In my new second career my employer doesn’t take Social Security from my wages, but I’ll…

The Windfall Elimination Provision (WEP), explained.

The Windfall Elimination Provision is an often vilified rule in the Social Security Act which reduces the benefit available to those who have worked in jobs which withheld Social Security payroll taxes, and also receive a pension from a job…

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