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 (WEP) and Government Pension Offset (GPO), enacted in the late 1970s and early 1980s, were designed to reduce government spending on Social Security.

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 Social Security Fairness Act, passed at the end of President Joe Biden’s term in 2024, removed the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) and made it ...

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The Social Security Fairness Act has repealed two major provisions — The Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) — that will provide financial relief for some.

The Social Security Fairness Act was signed into law by President Joe Biden in January 2025 to repeal the Windfall Elimination Provision and Government Pension Offset. The law means retirees, and ...

That’s because of two provisions of law: the Windfall Elimination Provision and the Government Pension Offset, commonly known as WEP and GPO.

FILE - A Social Security card is displayed on Oct. 12, 2021, in Tigard, Ore. The go-broke dates for Medicare and Social Security’s trust funds have moved up as rising health care costs and new ...