Oct 10, 2018 · The Windfall Elimination Provision (WEP) was a formula that could reduce the size of your Social Security retirement or disability benefit if you also received a pension from a job in which you did not pay Social Security taxes. Congress voted in December 2024 to repeal the WEP, ending benefit cuts for those receiving such “non-covered ...

Oct 10, 2018 · ‘Windfall’ provision did not apply Unlike some government pensions, military retirement pay was not subject to the Windfall Elimination Provision (WEP), so former service members did not have their Social Security payments reduced as a …

What's the Social Security Windfall Elimination Provision? If you qualify for Social Security and collect a pension from a job that doesn’t pay FICA taxes, your Social Security income will be reduced but not eliminated.

Oct 10, 2018 · The Windfall Elimination Provision primarily affected retirees from state and local government agencies that do not participate in FICA withholding and federal workers hired before 1984, when the U.S. civil service was brought under the Social Security system.

Feb 26, 2025 · In December 2024, Congress repealed the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), ending policies that for more than four decades reduced benefits for many people who qualified for both Social Security and a pension from a “non-covered” job where they did not pay into Social Security via FICA withholding ...

La Eliminación de Ventaja Imprevista (WEP) fue una fórmula que pudo haber reducido la cantidad de tus beneficios jubilatorios del Seguro Social si además recibías una pensión de un trabajo en el que no pagaste impuestos del Seguro Social.

Oct 10, 2018 · However, in December 2024, Congress passed the Social Security Fairness Act, which repealed the GPO and a related rule, the Windfall Elimination Provision (WEP). The law ends benefit reductions based on government pensions and retroactively covers 2024 benefits, meaning affected recipients will be repaid for that year’s withholding.

Oct 10, 2018 · Such workers used to be subject to a Social Security rule called the Windfall Elimination Provision (WEP) that could reduce benefits for retirees who collected a non-covered pension. Congress repealed the WEP in December 2024 and there is no longer any benefit impact from receiving a non-covered government pension.

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Mar 19, 2024 · Do you know how age, income and other factors determine your Social Security retirement benefit? Take this quiz to test you knowledge.