Tag: Windfall Elimination Provision
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…
President-elect Biden proposes to eliminate the Windfall Elimination Provision (WEP) and the Government Pension Offet (GPO). These provisions reduce Social Security benefits for workers with significant government pensions from jobs not covered by Social Security and for their spouses and survivors. Eliminating these provisions would be a mistake. They are well-intentioned attempts to solve an…