The Windfall Elimination Provision (WEP) can significantly impact your Social Security benefits if you receive a pension from a job where you didn't pay Social Security taxes. Learn how this ...

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 ...

Dear Rusty: I don’t understand exactly how the Windfall Elimination Provision (WEP) works for my situation. I turned 62 in 2017 and am currently still working in a “non-covered” job, ...

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 ...

How the Windfall Elimination Provision and the Government Pension Offset cause substantial, and often, ... $63,000 in 2024 using the Rest of the US Locality Chart) ...

If you never heard of the Windfall Elimination Provision and the Government Pension Offset, then they probably don’t apply to you. ... find the year you reached age 62 on the “WEP” chart.

Windfall Elimination Provision (WEP) The WEP, enacted in 1983 , was a reform that was intended to even the Social Security playing field. In 2024, it was repealed by the Social Security Fairness Act.

The windfall elimination provision (WEP) reduces Social Security benefits for certain employees who may be double-dipping on a pension.