Oct 4, 2015

SSAB Position Paper On Windfall Elimination Provision

     The Social Security Advisory Board (SSAB) has released a position paper on the Windfall Elimination Provision (WEP) which reduces Social Security benefits when an individual has income from a pension derived from earnings not covered by Social Security. The SSAB recommends a "proportional formula." There has been agitation for some WEP fix for more than 30 years. I doubt that the SSAB position paper is going to make a difference.