Social Security: The Windfall Elimination Provision (WEP)
Description:
This report discusses 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 or “windfall” these workers would otherwise receive as a result of the interaction between the Social Security benefit formula and the workers’ relatively small portion of their careers in Social Security-covered employment. Opponents contend the provision is basicall…
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Date:
April 16, 2014
Creator:
Sidor, Gary
Partner:
UNT Libraries Government Documents Department