The House passes H.R. 82 - Think Advisor
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 Social Security benefits of workers who receive pensions from a federal, state, or local government for employment not covered by Social Security. The Government Pension Offset reduces Social Security spousal benefits for widows, spouses, and widowers whose spouses receive pensions from a federal, state, or local government. However, the bill is not without some opposition or proposed alternative bill. Melanie Waddell reports on the passing of the controversial Social Security rules. Read Ms. Waddell’s article here…
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