For his last term in office former President Joe Biden sign a new social security measure to ehance benefits for millions of ...

The WEP reduced Social Security benefits for retired federal workers who had also spent part of their careers in the private ...

Though Congress acted on a bipartisan basis last year to pass legislation ending two controversial tax provisions that ...

On January 5, 2025, the Social Security Fairness Act was signed into law, marking a major reform for public sector workers, including firefighters, police officers and teachers. This law eliminates ...

It could take a year or longer to fully implement the repeal of the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), says the Social Security Administration (SSA). The SSA has ...

The Social Security program is very complex and has many rules regarding who can claim benefits, when they can claim benefits, and how much they can claim. The Social Security Fairness Act eliminated ...

An important takeaway is that the WEP impacted benefits based on the individual’s own work record, while GPO impacted benefits based on the work and earnings of a spouse, ex-spouse or deceased ...

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

Investopedia spoke with Isabel Barrow at Edelman Financial Engines to discuss the changes the new Social Security Fairness ...

“The Social Security Fairness Act fully repeals the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO),” wrote Devin Carroll, CFP and owner and lead advisor at ...

Learn how the Social Security Fairness Act may increase your retirement benefits by eliminating the Windfall Elimination ...

This little-known restricted application rule can significantly boost retirement income for surviving spouses.