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What People with Government Pensions Should Know about Social Security
As if the Social Security system weren’t complicated enough, additional complications arise for certain retirees receiving government or public sector pensions. These rules, known as the WEP, for Windfall Elimination Provision, and the GPO, for Government Pension Offset, can significantly reduce or even eliminate Social Security benefits for certain workers. Retirees who formerly worked in a government job and certain public school employees need to be aware of these rules given their potential impact. The following are some of the key basics to know. Read more…
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