Tag: AIME
A new report from the Congressional Research Service appears to have rekindled the controversy surrounding the Windfall Elimination Provision (WEP). This provision reduces Social Security benefits for workers receiving significant government pensions from jobs not covered by Social Security. A companion provision – the Government Pension Offset (GPO) – makes similar adjustments for their spouses…
Abstract Achieving long-run Social Security solvency requires addressing rising life expectancy. Increasing the Full Retirement Age (FRA), while holding the Early Entitlement Age (EEA) fixed, could be effective but eventually will result in replacement rates that are viewed by many as too low. A possible policy to prop up replacement rates is to raise t…