Social Security WEP & GPO Made SIMPLE! (Windfall Elimination Provision & Government Pension Offset)
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YouTubeErik Bowman - Bowman Financial Strategies
Social Security WEP & GPO Made SIMPLE! (Windfall Elimination Provision & Government Pension Offset)
Finally understand what the WEP & GPO are and how they can carve away at your Social Security benefits. Video Transcription: Hi everyone, Erik Bowman here. And today we are talking about the Windfall Elimination Provision and government pension offset, as it relates to social security filing. We’re talking about it so that you don't make a ...
44.3K viewsJul 29, 2020
Windfall Elimination Provision Explained
The Social Security Fairness Act explained
The Social Security Fairness Act explained
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Windfall Elimination Provision: Two thirds of your Social Security must be reduced by the amount of your government pension. If your pension is $600 per month, your Social Security is reduced by $400 per month. This also impacts disability. If you have 30 years paying into Social Security WEP is eliminated! | Sylvia Gordon
0:58
Windfall Elimination Provision: Two thirds of your Social Security must be reduced by the amount of your government pension. If your pension is $600 per month, your Social Security is reduced by $400 per month. This also impacts disability. If you have 30 years paying into Social Security WEP is eliminated! | Sylvia Gordon
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How to Avoid Windfall Elimination Provision
If you qualify for Social Security and collect a pension from a job that doesn’t pay FICA taxes, your Social Security income will be reduced but not eliminated. To learn more, visit our Social Security Resource Center at http://spr.ly/6183GKRDX. | AARP
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Today, I joined Congressman Richard Neal and bipartisan members of Congress from Texas to discuss solutions to replace the unfair Windfall Elimination Provision with a fair, proportional formula that treats our teachers, firefighters and police officers equally and bases their Social Security benefits on their work life and career. Thank you to the TRTA (Texas Retired Teachers Association) and the ATPE - Association of Texas Professional Educators for their support on this very important issue o
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