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Board calls for reforming the WEP- The Windfall Elimination Provision: It’s Time to Correct the Math

October 2, 2015

The Windfall Elimination Provision: It’s Time to Correct the Math

 

SUMMARY: The report recommends that Congress replace the current Windfall Elimination Provision (WEP) calculation for new retirees starting in 2017, when earnings data for workers not covered by Social Security will become available. This data will make it possible for SSA to calculate these workers’ benefits in a way that is proportional to their contributions.