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The Social Security Fairness Act, which was passed in January, repealed both the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). This change controversially increased ...
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Soy Nómada on MSNGoodbye to the WEP: Changes to Social Security with almost immediate effects for taxpayersThe Social Security landscape in the United States is undergoing significant changes, impacting millions of beneficiaries.
The Windfall Elimination Provision (WEP) penalized certain retirees. “Right now, WEP can reduce your Social Security benefit if you also get a pension from non-covered work,” Ray explained.
If both partners can wait until age 70 to file, they’ll both benefit from delayed-retirement credits, which increase benefits by 8% a year between full retirement age and age 70.(Full retirement ...
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