And that’s what the windfall elimination provision does. When that WEP formula is applied to my Social Security computation, it gives me the roughly 40% return rate rather than the 90% rate ...

The Social Security Fairness Act, in effect since January 2024, repeals two provisions that reduced Social Security benefits for millions of people, the WEP or Windfall Elimination Provision ...

The SSA said in an April 29 press release: "SSA has made significant strides in implementing the Social Security Fairness Act, having paid over $14.8 billion in retroactive payments to more than 2 ...

The Brief According to a recent report, money for Medicare and Social Security may run out by 2033 and 2035. Once funds are depleted, Medicare would only be able to cover 89% of patient costs. If ...

The Social Security Administration says it has processed 2.5 million retroactive payments to people previously locked out of retirement benefits.

Meanwhile, Social Security's trust funds — which cover old age and disability recipients — will be unable to pay full benefits beginning in 2034, instead of last year's estimate of 2035. After ...

“The repeal of [the Windfall Elimination and Government Pension Offset provisions of the Social Security Act] increased projected Social Security benefit levels for some workers, relative to ...

Early this year, near the end of his term in office, President Biden signed the Social Security Fairness Act, a law that ended the Windfall Elimination Provision and Government Pension Offset ...

The Social Security Fairness Act, which was signed into law in January, eliminated two provisions — the Windfall Elimination Provision, or WEP, and the Government Pension Offset, or GPO — that ...

FILE – A Social Security card is displayed on Oct. 12, 2021, in Tigard, Ore. The go-broke dates for Medicare and Social Security’s trust funds have moved up as rising health care costs and new ...