Tag: average indexed monthly earnings

City hall of an American city

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…

Social Security card treading water in waves

I understand that not everyone savors, with as much enthusiasm as I do, testimony by Steve Goss, Social Security’s Chief Actuary.  But I always find it very helpful.  His most recent appearance before the House Ways and Means Subcommittee on Social Security touched on a number of ways that COVID-19 might affect the program and…