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WEP and GPO in the News, Again.
As the 118th Congress winds to a close, the ongoing saga of Social Security’s Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) continues to pop up in the media. Today’s roundup of news reports includes a Yahoo!News post by Chad Aldeman providing a synopsis of the intent to repeal these two portions of the rulebook. His post, which you can read in full here, provides a hypothetical example of how WEP can affect the calculation of benefits.
As we reported yesterday on this website, many legislative attempts have been made to fully repeal WEP and GPO, with no prior action taken. The issue is controversial, to be sure, and there are two sides to the argument. For this reason, and in response to many questions from readers, the AMAC Foundation has heavily researched the origin of these two troublesome provisions, concluding that the purpose behind their design is often not clearly understood, nor is the way the math works in support of the original purpose. The Foundation offered a publication (WEP and GPO: To Repeal or Not?) to help clarify the matter and conducted a public webinar presenting thoughts on the subject. A recording of the webinar can be viewed on the Foundation website here.