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Social Security and Medicare trust funds, which help pay benefits, are projected to run dry. What will happen then?
The decrease was not driven by Americans earning less, but was instead attributed to a reduction in Social Security payments.
The Windfall Elimination Provision reduced benefits for certain workers, but its repeal by the Social Security Fairness Act could change how you plan for retirement.
The majority of affected beneficiaries already began receiving their increased monthly benefit amounts in April.
The legislation passed Saturday by Congress eliminates two formula, known as the Windfall Elimination Provision and the Government Pension Offset, that reduced benefits for workers who paid into ...
The Windfall Elimination Provision (WEP) was enacted in 1983 as a modified benefits program for employees who receive a pension for their public service. Under the WEP, public employees can have their ...