WEP
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…
Social Security, WEP-GPO, and Ticking Clocks
There seem to be many competing priorities these days when it comes to our Social Security system, from the relentless search for solutions for the program’s impending insolvency to the current push to repeal two controversial rules set in place…
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…
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…
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,…
Ask Rusty – Will my WEP Reduction Go Away if I Continue Working?
Dear Rusty: I’m 63 years old and have not yet started my Social Security. I now work for the State of Illinois and will draw a pension from that state’s university system. I don’t pay into Social Security from this…
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…