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Social Security prepares increases in April due to elimination of the WEP and GPO

The article from MSN discusses the potential changes to Social Security benefits due to the proposed elimination of the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). These provisions currently reduce Social Security benefits for individuals who receive pensions from jobs not covered by Social Security, like certain government positions. The elimination of WEP and GPO, as suggested by bills introduced in Congress, would lead to an increase in benefits for many retirees starting in April. This change aims to address the inequities faced by public sector workers, particularly teachers, police officers, and firefighters, who often see their Social Security benefits significantly reduced. The article highlights the bipartisan support for these changes, noting that while the bills have been introduced, their passage into law remains uncertain. If enacted, this would represent one of the most significant adjustments to Social Security benefits in recent years, directly impacting the retirement income of many Americans.

Read the Full MiBolsilloColombia Article at:
[ https://www.msn.com/en-us/politics/government/social-security-prepares-increases-in-april-due-to-elimination-of-the-wep-and-gpo/ar-AA1BUggb ]