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.
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.
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.
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.
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?
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?
The Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) are two provisions of the Social Security law that affect Social Security benefits to which CSRS retirees may be entitled. The author provides some details about these as they relate to federal employees.
The Windfall Elimination Provision (WEP) means if you are getting a Social Security benefit as well as a pension where you did not pay into Social Security, your Social Security benefit is reduced. The author provides examples of the financial impact this can have on your earnings.