Over three million retirees who worked in the public sector, or are entitled to spousal or surviving spousal benefits, will ...

On January 5, 2025, the Social Security Fairness Act was signed into law, marking a major reform for public sector workers, ...

Since 90 percent is the normal first bend point computation, if you have 30 or more years of substantial Social Security earnings, WEP doesn’t apply. In your case, since you have 25 years of Social ...

The amount of an individual’s Social Security benefits is calculated by multiplying their average earnings by a factor, or a percentage. The WEP reduced that factor based on the amount of time ...

For each year past 20 that someone has “substantial” earnings subject to the Social Security payroll tax, the maximum WEP penalty is reduced. By the time someone has 30 years of substantial ...

Two key provisions, the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), have historically ...