The windfall elimination provision (WEP) reduces the Social Security benefits of workers who also have pension benefits from employment not covered by Social Security. Its purpose is to remove an advantage or "windfall" these workers would otherwise receive as a result of the interaction between the...
Windfall Elimination Provision (WEP)Social Security reformretirement benefitsThe Windfall Elimination Provision (WEP) reduces the Social Security benefits of individuals who would otherwise receive a full benefit based on earnings in SocSocial Science Electronic Publishing...
The alternate formula for the Windfall Elimination Provision is identical to this formula with one small difference: the 90% crediting factor, applied to the first tier of AIME, is reduced by a WEP penalty factor that is determined by the number of “years of substantial service”....
People tweet, post and update across various social media networks, receiving almost real-time feedback from friends, family and followers. The change ... R. Sundar,B. Sharmila 被引量: 1发表: 2014年 The Social Security Benefits Formula and the Windfall Elimination Provision: An Equitable ...
The Windfall Elimination Provision results in a recalculation of the Primary Insurance Amount, or PIA, of the individual who is receiving a pension based upon earnings that were not subject to Social Security taxation. Since the PIA is recalculated and reduced by the WEP, all benefits...
Social Security retirement benefitswindfall elimination provisionTwenty-five percent of all public employees, or more than five million state and local workers as well as one million federal workers, participate in alternativdoi:http://dx.doi.org/Francine J. Lipman...
The article discusses a unique provision for individuals who quality for both Social Security benefits and for pensions from work that is not subject to or included in the U.S. Social Security system. It cites the need to diversify post-work income to protect a retiree from outliving ...
Government Pension Offset and Windfall Elimination Provisions of the Social Security AdministrationThe GPO and WEP are two provisions of the act that reduce the Social Security benefits of non-covered workers who become entitled to Social Security either through a spouse or by working the requisite ...
Social Security: The Windfall Elimination Provision (WEP)G. Kollmann
Social Security: The Windfall Elimination Provision (WEP) [June 30, 2015]Gary SidorLibrary of Congress. Congressional Research ServiceLibrary of Congress. Congressional Research Service