WEP
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…
Ask Rusty: Windfall Elimination Provision (WEP) Affects State Retiree
Dear Rusty: I have a question in regard to the “windfall act.” I am receiving a pension from the State of Nevada. I retired from the State, and did not pay into Social Security, but I worked in the private…
Bill Introduced to Eradicate Current Social Security Windfall Elimination Provision (WEP)
(Source: House Ways and Means Committee Press Release) Brady, Neal Introduce Legislation to Ensure Equal Treatment for Teachers, Firefighters, Police Officers, and Other Public Servants When It Comes to Social Security Washington, D.C. – This week, House Ways and Means Committee Chairman…