Windfall Elimination Provision
Revisiting WEP And GPO
One of the most nagging criticisms of the U.S. Social Security program is found in the persistent outcries of unfairness from the people affected by two scorned sections of the program’s massive rulebook. Anyone following legislative activities involving Social Security…
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…
Ask Rusty – How Will My Wife’s Social Security Be Affected by her Teacher’s Pension?
Dear Rusty: My wife, born in 1960, was a Texas school teacher for about 10 years and receives a $1,000 per month pension from that work. She didn’t pay into Social Security while teaching, but she paid into it for…
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…
My benefits got cut. Welcome to WEP.
It’s a little known and even less well understood provision that affects a small number of people who worked in some public sector jobs and had at least ten years of employment in the private sector. It’s the Windfall Elimination…
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…