Effective January 2024, significant changes to social security benefits were enacted with the passing of the Social Security Fairness Act (H.R. 82). This law repealed the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), which previously reduced social security benefits for individuals receiving a government pension.
Our recent article, What You Need to Know About the Social Security Fairness Act, provides an overview of these changes, which could significantly affect retirement benefits for government employees, teachers, police officers, firefighters, and certain nonprofit workers.
If you have a background in public service, this information could be particularly relevant to your retirement planning. Please don’t hesitate to reach out to our office if you’d like to discuss how these changes might affect your financial strategy.
Read the complete article here.
If you have any questions, feel free to contact us.