Tag: WEP

Social Security is not a Windfall for Federal Employees

on November 29, 2016 in Retirement with 0 Comments
The Windfall Elimination Provision (WEP) is an often misunderstood Social Security rule designed to prevent double dipping from Social Security and public sector pensions.

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Newly Re-Elected NARFE Leaders Face a ‘Perfect Storm’ of Rising Premiums Hitting Federal Retirees

By on September 8, 2016 in Retirement with 40 Comments
Newly Re-Elected NARFE Leaders Face a ‘Perfect Storm’ of Rising Premiums Hitting Federal Retirees

Federal retirees could be facing a “perfect storm” of events that could collectively cause costs for their benefits to rise sharply in 2017. NARFE has been campaigning to minimize the potential negative impact on retired federal employees.

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Federal Retirees Need To Tighten Belts While Current Employees Expect To See Pay Increases

A series of actions are leading probable declines in the take home pay of federal retirees in 2017. Current federal employees, however, are on pace to see their largest pay increase since 2010.

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House Postpones Consideration of WEP Reform Bill

By on July 13, 2016 in Retirement with 59 Comments
House Postpones Consideration of WEP Reform Bill

The House Ways and Means Committee has not advanced a bill that would have reformed the Windfall Elimination Provision as it applies to Social Security benefits of federal employees.

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CSRS Offset and Social Security: How Will Your Annuity Be Calculated?

By on June 26, 2016 in Current Events, Retirement with 48 Comments

Federal employees covered under CSRS Offset have special considerations when it comes to collecting Social Security in retirement. The author describes how this works and provides some real life examples based on a hypothetical scenario.

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What is Worse Than No COLA? A Small COLA

By on May 3, 2016 in Retirement with 120 Comments
What is Worse Than No COLA? A Small COLA

What are the prospects for a cost of living adjustment (COLA) in 2017 and what are the implications for federal retirees? The author looks at the current situation.

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Will the Petition to Repeal GPO, WEP Get a Response from the White House?

By on March 22, 2016 in Current Events with 59 Comments
Will the Petition to Repeal GPO, WEP Get a Response from the White House?

A petition started last month asked the White House to repeal the Windfall Elimination Provision and the Government Pension Offset. As the petition’s deadline draws near, how likely is it that it will get a response from the White House? While those in favor of repealing these measures may not like the answer, a recent House hearing may still offer some hope.

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Petition Asks White House to Eliminate GPO and WEP

By on February 26, 2016 in Current Events with 312 Comments
Petition Asks White House to Eliminate GPO and WEP

A petition that was recently started on the White House’s We the People petition website is asking the government to repeal the Windfall Elimination Provision and Government Pension Offset provisions.

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Impact of Government Pensions on Social Security

By on April 1, 2015 in Q&A with 26 Comments

I retired under CSRS and then went to work for the state government under a state pension system. How will the two government pensions affect my Social Security benefits?

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How Much Will My Pension Be Cut When I Apply for Social Security?

By on August 5, 2014 in Q&A with 1 Comment

I’m a retired CSRS federal employee who took an early out option in 1999. Do you know how much my pension will be cut when I must apply for Social Security?

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