Social Security: The Windfall Elimination Provision (WEP)
Description:
This report discusses the windfall elimination provision (WEP), which 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 these workers would otherwise receive because of Social Security’s benefit formula that favors workers with smaller amounts of Social Security-covered career earnings. Opponents contend that the provision is basically inaccurate and often unfair.
Date:
March 8, 2007
Creator:
Haltzel, Laura
Item Type:
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Partner:
UNT Libraries Government Documents Department