The way to avoid the so-called windfall in the Windfall Elimination Provision was to calculate benefits in a way that would presume a public servant’s pension fund was sufficient. Unfortunately, ...

The Social Security Administration says about 2 million people — 3.1% of beneficiaries — were subject to WEP reductions in 2022. Meanwhile, nearly 13% of spousal and survivor beneficiaries ...

For 2025, Social Security recipients who haven’t reached full retirement age (FRA) can earn up to $23,400 — an increase from ...

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 repeal of the Windfall Elimination Provision (WEP) marks a significant shift in Social Security benefits for many retirees. With over $7.5 billion in retroactive payments already distributed ...

The retirement plan advisory industry continues to evolve, both in business structure and in the services provided to sponsors and participants. Advisers need insights and resources to aid them in ...

About 708,000 people in Connecticut — about 20% of the state’s population — receive benefits, according to December 2022 data from the U.S. Social Security Administration.

The Social Security Fairness Act, signed by President Biden, boosts benefits for over 3 million retirees by repealing the Windfall Elimination Provision and Gov ...

The Social Security Administration says that 3.2 million people were hit by either the Windfall Elimination Provision or the Government Pension Offset (or both). Untold numbers of future retirees ...

The Windfall Elimination Provision and the Government Pension Offset limited Social Security benefits for recipients if they got retirement payments from other sources, including public retirement ...

It repealed the Windfall Elimination Provision and the Government Pension Offset, which had previously stopped US citizens who were eligible for a pension or a retirement program from their ...