How Social Security’s Windfall Elimination Provision Affects Some Federal Retirees - June 11, 2020
FMA has long worked to eliminate both the Government Pension Offset (GPO) and the Windfall Elimination Provision (WEP). We have endorsed the Social Security Fairness Act of 2019 (H.R. 141), legislation that would completely repeal both unfair policies. We also support several different legislative efforts to mitigate them, including the Public Servants Protection and Fairness Act (H.R. 4540) and the Equal Treatment of Public Servants Act (H.R. 3934 / S. 3401). This article (below) illustrates the unfairness of the WEP and how it negatively impacts workers. FMA will continue to fight for fairness on this issue.
My Federal Retirement
By Edward A. Zurndorfer, Certified Financial Planner
Most working individuals in the U.S. are covered by Social Security and pay into the Social Security system by having the Federal Insurance Contribution Act (FICA) tax deducted from their paychecks.