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 Social Security’s benefit formula is weighted such that workers with low lifetime earnings receive a greater share of their covered earnings in benefits than workers with medium or high lifetime earnings. Opponents con…
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Date:
May 11, 2009
Creator:
Shelton, Alison M.
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department