WEP
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…
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…