GPO
WEP-GPO Repeal: The Argument(s) Continue to Unfold
Over the past few weeks, and especially in the week or so leading up to the November 12 House vote on H.R. 82 (the “Social Security Fairness Act”), we’ve seen a relatively steady stream of opinions about the merit of…
The House passes H.R. 82
The full House passed H.R. 82, the Social Security Fairness Act of 2023, on Tuesday, November 12th, by a 327 – 75 vote. The bill would repeal the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), which reduces the…
Could the Social Security Fairness Act still pass?
Despite the move by the Freedom Caucus leaders, the House is expected to try to pass H.R.82 – Social Security Fairness Act of 2023. What is the Social Security Fairness Act? This bill repeals provisions that reduce Social Security benefits…
An Editorial Opinion on WEP and GPO
With the possibility of a floor vote on HR 82, the Social Security Fairness Act, potentially happening before the end of the 118th Congress, we’re continuing to see an uptick in articles providing perspectives on the need for Congressional attention…
Controversial WEP & GPO Bill Has Decent Chance of Passage
The Windfall Elimination Provision (WEP) and Government Offset Provision (GPO) are reviled by public employees, whose Social Security benefits are cut as a result of having only worked sparingly in jobs that paid into Social Security. But not all agree…
Floor Vote on H.R. 82 (WEP/GPO Repeal) Likely for November
The bipartisan discharge petition initiated by Rep. Garret Graves, R-La, and Rep. Abigal Spanberger, D-Va, has achieved the required number of signatures to force a floor vote. The Bill, titled “Social Security Fairness Act of 2023,” would, if passed, repeal…
WEP & GPO From a Financial Advisor’s Perspective
Financial Advisors frequently deal with questions and concerns from clients regarding their public-service pensions and how they might be impacted by Social Security’s Windfall Elimination Provision (WEP) and Government Pension Offset (GPO). And with the current push for repeal of…
The WEP/GPO Debate Rages On
Congress has been under considerable pressure lately over two Social Security provisions which have, for decades, irked some retirees from public service. The Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) affect those who have a federal, state,…
House Ways and Means Committee to Hold Hearing on WEP and GPO
On Tuesday, April 16th, the U.S. House Ways and Means Committee will hold a hearing on bill H.R. 82 – the Social Security Fairness Act. This bill repeals provisions that reduce Social Security benefits for individuals who receive other benefits,…
Government Pension Offset: To Repeal or Not?
Just before last Christmas, Martin O’Malley was sworn in as Commissioner of Social Security. His term will run through January 19, 2025, giving him two full years to wrestle with a lineup of troublesome matters facing this venerable program. First,…