GPO
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,…
House Ways & Means Set to Address WEP/GPO Concerns
House Committee on Ways and Means Chairman Jason Smith (MO-08) yesterday announced a field hearing scheduled for Monday, November 20 at 2:00 pm CST (3:00 EST) to receive public commentary on attitudes and viewpoints concerning the Windfall Elimination Provision (WEP) and…
Ask Rusty – Will WEP and GPO Affect My Wife’s Spousal Benefit?
Dear Rusty: My wife worked for the US Postal Service in New York for about 22 years, and then in the private sector for about 15 years. She began collecting her “deferred annuity” from the USPS at age 62 and…
WEP & GPO: The twins that eat Social Security checks
Mike Causey, a senior correspondent for Federal News Network, writes about federal pay and benefit issues. He tackles what he calls the twin villains in this piece– the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO). He explains the…
How a government pension might reduce your Social Security benefits
They are not always well known, and they are even less well understood. They are the Government Pension Offset (GPO) and the Windfall Elimination Provision (WEP). Enacted by Congress in 1977 and 1983 respectively, both were meant to bring a…