WEP Repealed: What the Social Security Fairness Act Pays Back [71BJAtVZ7I8]
For decades two rules, the Windfall Elimination Provision and the Government Pension Offset, quietly reduced or erased Social Security for public workers who also earned a government pension. The Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) are two federal rules that quietly reduced or eliminated Social Security benefits for millions of teachers, firefighters, police officers, and other public employees who also earned a government pension. This video explains how those reductions worked, why many workers never knew they were affected, and what changed when Congress passed legislation to repeal these provisions. If you or a spouse worked in a job not covered by Social Security, your benefit history may look different than you expect. Subscribe to Silver Cents. Retirement made plain. Chapters: 0:00 Intro 0:11 The Law That Reached Back 2:36 The Form Nobody Sent You 5:07 The Cut That Had No Label 8:23 The Benefit That Won't Find You 11:56 The Bill Two Years Behind the Check Subscribe to Silver Cents for more. —— Sources & Credits —— • Congressional Record, Dec. 21, 2024 • Pub. L. 118-273, Jan. 5, 2025 • Social Security Fairness Act, Pub. L. 118-273 • SSA, 2025 • SSA Office of the Chief Actuary, 2024 • IRS Pub. 915; CMS IRMAA thresholds 2025 • CMS 2025 • SSA • CMS, SSA • SSA, CMS • CMS • SSA POMS RS 00605.360