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

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 ]