One Possible Reduction: The Windfall Elimination Provision (WEP) | | |
The Windfall Elimination Provision affects how a person's retirement or disability benefit is figured if that person receives a pension from work not covered by Social Security. The formula used to figure that person's benefit amount is modified, and the result may be a lower Social Security benefit.
This modified formula prevents a windfall to people who would unfairly benefit from provisions aimed at assisting low-income workers.
Remember, Social Security's first and foremost mission is to keep retired workers and their families out of poverty.
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