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The Windfall Elimination Provision reduced benefits for certain workers, but its repeal by the Social Security Fairness Act could change how you plan for retirement.

The majority of affected beneficiaries already began receiving their increased monthly benefit amounts in April.

The SSA has now confirmed it has sent out 3.1 million payments to those impacted by the Social Security Fairness Act.

The Social Security Fairness Act gets rid of two long-standing laws: the Windfall Elimination Provision (WEP) and the ...

That’s what the windfall elimination provision does. When that WEP formula is applied to my Social Security computation, it gives me the roughly 40% return rate rather than the 90% rate intended ...

Photo: 401kcalculator.org via Flickr. The Windfall Elimination Provision is designed to prevent people who didn't pay Social Security tax on the majority of their income from receiving ...

The windfall elimination provision was introduced in 1983 as a benefits safeguard. It prevents certain workers from collecting full Social Security benefits in addition to a pension, without ...

The Windfall Elimination Provision is in place to ensure the fairness of Social Security benefits to all retirees. Specifically, it provides for a different benefit calculation formula for certain ...

Congress approved the Windfall Elimination Provision in 1983 as part of a larger package of Social Security reforms (including an increase in the full retirement age).

The Windfall Elimination Provision is designed to calculate her Social Security benefit as if she is a high earner at $125,000 all in the Social Security system.