The Social Security Fairness Act (SSFA), enacted on January 5, 2025, marks a significant shift in Social Security benefits, ...

Social Security remains a cornerstone of retirement planning for Americans. With new legislative changes and adjustments in ...

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.

Q. I receive a significant pension from work I have done outside of Social Security. I have not worked enough hours under ...

The majority of affected beneficiaries already began receiving their increased monthly benefit amounts in April.

Some 2.8 million Americans may be eligible to receive an increase in their monthly Social Security benefits. Are you one of ...

The Social Security Fairness Act gets rid of two long-standing laws: the Windfall Elimination Provision (WEP) and the ...

The windfall elimination provision was introduced in 1983 as a benefits safeguard. It prevents certain workers from collecting full Social Security benefits in addition to a pension, without ...

That’s what the windfall elimination provision does. When that WEP formula is applied to my Social Security computation, it gives me the roughly 40% return rate rather than the 90% rate intended ...

The Windfall Elimination Provision. To qualify for Social Security retirement benefits, you must earn 40 credits of coverage or the equivalent of 10 years of Social Security covered employment.

The reduction is referred to as the Windfall Elimination Provision. WEP doesn’t really affect all that many retirees. In 2018, for instance, just 1.8 million retirees, ...

The Windfall Elimination Provision is designed to calculate her Social Security benefit as if she is a high earner at $125,000 all in the Social Security system.