Liz Weston: Government pension offset changes to Social Security are coming, but will take time

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Liz Weston: Government pension offset changes to Social Security are coming, but will take time

//business-finance.news-articles.net/content/202 .. cial-security-are-coming-but-will-take-time.html

Published in Business and Finance on Sunday, January 26th 2025 at 15:00 GMT by Oregonian
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Those who applied for Social Security and were denied due to government pension offset rule or windfall elimination provision don't need to re-apply for money promised under new provisions.

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The article by Liz Weston discusses the potential changes to the Government Pension Offset (GPO) and the Windfall Elimination Provision (WEP) in Social Security. These provisions currently reduce or eliminate Social Security benefits for individuals who receive pensions from jobs not covered by Social Security, like many government positions. The article highlights that while there is growing bipartisan support for reform, any changes to these rules would require legislative action, which historically has been slow and complex. It mentions that the Social Security Administration has been tasked with providing a report on potential reforms by the end of 2025, but actual changes could take much longer due to the need for Congressional approval. The piece also provides insights into how these offsets work, their impact on retirees, and the ongoing debate about fairness and the need for adjustments to better reflect modern work patterns where individuals might have multiple careers, some covered by Social Security and others not.

Read the Full Oregonian Article at:
[ https://www.oregonlive.com/business/2025/01/liz-weston-government-pension-offset-changes-to-social-security-are-coming-but-will-take-time.html ]