WEP

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…

Formula Changes–and an Adjustment–in the Wind for WEP-affected Retirees?

A post today on myfederalretirement.com highlights the reintroduced legislation to reform Social Security’s Windfall Elimination Provision (WEP). As the post explains, the bill (H.R. 4260) would provide a $150/month payment to those WEP-affected retirees currently in drawing benefits, and would change the…

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…

Government Employees Alerted to Watch Progress on Equal Treatment of Public Servants Act

Federal News Network workforce and personnel reporter Nicole Ogrysko in a post on federalnewsnetwork.com, provides an update on Rep. Kevin Brady’s recent introduction of the Equal Treatment of 5 Public Servants Act of 2019 bill in Congress. Brady, the ranking member of the House…

Rep. Brady Introduces Bill to Ensure Equal Treatment of Public Servants in Social Security Benefits

It’s called the Windfall Elimination Provision (WEP), a little known and even less well understood Social Security provision.  WEP reduces Social Security benefits for those that have had careers in the private sector, meeting the ten years or forty quarter…

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…

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