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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.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.