It is important to understand a little of the background of CSRS and FERS to realize how the Windfall Elimination Provision and the Government Pension Offset cause substantial, and often, unfair ...
Throughout your career, it’s likely that a portion of your income has gone toward Social Security benefits each pay period. The purpose? When the time comes to retire, you are able to draw monthly ...
Now that the House of Representatives approved the Social Security Fairness Act, millions could be able to get higher Social Security benefits. The House approved the bill 325 to 75 and ultimately ...
A friend called recently about her Social Security benefit, and she was not happy. Preparing to retire following a successful career in academic, private sector, and federal government positions, she ...
When it comes to Social Security benefits, private-sector and public-sector employees are not created equal. For those falling under the latter category, there are two rules that may reduce the amount ...
The Social Security Fairness Act repealed the WEP and GPO provisions. Find out if you're one of 3.2 million public sector ...
These days, I don’t get as many questions about the Windfall Elimination Provision or the Government Pension Offset as I used to. That’s mostly because the majority of federal employees currently on ...
Congress tried to eliminate windfall benefits for workers who had been exempt from Social Security contributions for part of their career by enacting the Government Pension Offset (GPO) in 1977 and ...
In earlier articles, I looked at certain types of government employees who’ve worked previously with a “non-covered” pension. That is, they worked at a job where they didn’t have to pay Social ...