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The Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), enacted in the late 1970s and early 1980s, were designed to reduce government spending on Social Security.
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.
The Social Security landscape in the United States is undergoing significant changes, impacting millions of beneficiaries.
What You Need To Know The go-broke dates for Medicare and Social Security's trust funds have moved up as rising health care costs and new legislation affecting Social Security benefits have ...
What You Need To Know The go-broke dates for Medicare and Social Security's trust funds have moved up as rising health care costs and new legislation affecting Social Security benefits have ...