The GPO-WEP Repeal Bill

The GPO-WEP Repeal Bill

The “windfall elimination provision” affects how the amount of your retirement or disability benefits is calculated if you receive a pension from work where Social Security taxes were not taken out of your pay. A modified formula is used to calculate your benefit amount, resulting in a lower Social Security benefit.

The GPO-WEP Repeal Bill has been signed into law, marking a significant development for those affected by the Government Pension Offset (GPO) and the Windfall Elimination Provision (WEP). With the bill now in effect, the process for retroactive payments is set to begin. This legislation aims to provide fairer Social Security benefits to individuals who have contributed to pension plans while working in public service jobs. As details unfold, beneficiaries will be looking forward to the adjustments and payments that will be coming their way.