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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.
Social Security is a major source of income for 74M Americans — but how far does the average check go? See average benefits ...
The Social Security Fairness Act ends WEP and GPO reductions, boosting benefits for many—but not all eligible recipients are automatically included.
Q. I receive a significant pension from work I have done outside of Social Security. I have not worked enough hours under ...
The decrease was not driven by Americans earning less, but was instead attributed to a reduction in Social Security payments.
Social Security changes slightly every year, undergoing adjustments that can significantly affect individuals receiving ...
Social Security and Medicare are facing mounting financial challenges, with both programs projected to fall short of paying ...
Prices rose faster in May than forecasters had anticipated, and consumers unexpectedly lost income and pulled back on ...
The SSA has now confirmed it has sent out 3.1 million payments to those impacted by the Social Security Fairness Act.
Social Security and Medicare trust funds, which help pay benefits, are projected to run dry. What will happen then?
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 ...