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The Windfall Elimination Provision reduced benefits for certain workers, but its repeal by the Social Security Fairness Act could change how you plan for retirement.

The majority of affected beneficiaries already began receiving their increased monthly benefit amounts in April.

The windfall elimination provision was introduced in 1983 as a benefits safeguard. It prevents certain workers from collecting full Social Security benefits in addition to a pension, without ...

Two competing proposals in Congress address Social Security provisions—the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO)—that affect workers who have worked in ...

Photo: 401kcalculator.org via Flickr. The Windfall Elimination Provision is designed to prevent people who didn't pay Social Security tax on the majority of their income from receiving ...

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 intended ...

The Windfall Elimination Provision is in place to ensure the fairness of Social Security benefits to all retirees. Specifically, it provides for a different benefit calculation formula for certain ...

Congress approved the Windfall Elimination Provision in 1983 as part of a larger package of Social Security reforms (including an increase in the full retirement age).

The Windfall Elimination Provision is designed to calculate her Social Security benefit as if she is a high earner at $125,000 all in the Social Security system.

The windfall elimination provision (WEP) is a formula that effectively reduces Social Security and disability benefits for certain retirees who receive a pension during retirement, ...