GOODBYE WEP and GPO

On Sunday, January 5, 2025, President Joe Biden signed the Social Security Fairness Act.

The Social Security Fairness Act repeals the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) provisions of Social Security.

The new law removes the Social Security formulas that either reduced or eliminated the benefits of certain government retirees who receive(d) a public pension. This includes, among others, teachers, firefighters, and police officers.

Eligible public employees will also receive a lump sum payment for what they would have received in 2024.

For those of you who are divorced or in the midst of a divorce and are receiving a public pension, this may significantly impact your right to not only collect your own Social Security benefits (WEP) but may also impact your ability to potentially be able to collect on your ex-spouse (GPO).

Goodbye to the WEP and the GPO – we’re glad to see you go!