Good news is on the horizon for many public sector workers who receive pensions and Social Security benefits. Two provisions that previously reduced Social Security income for teachers, firefighters, and police officers have been repealed, resulting in higher monthly benefits and a lump-sum payment for past reductions.

Key Takeaways:

• The Windfall Elimination Provision (WEP) has been repealed. This provision previously reduced Social Security benefits for those receiving a pension from a job that didn’t withhold Social Security taxes.
• The Government Pension Offset (GPO) has also been repealed. This change increases Social Security survivor benefits for spouses of public sector employees.
• Expect an increase of approximately $360 per month. Retirees affected by these provisions should also receive a retroactive payment for missed benefits from 2024.
• More income for retirees. This repeal helps ensure that public servants get the full Social Security benefits they’ve earned.

What This Means for You

If you’re a retired teacher, firefighter, or police officer, or if you’re the surviving spouse of one, you could see a significant boost in your Social Security income. For many, this could mean thousands of extra dollars annually, improving financial stability in retirement.

Need Help Understanding Your Benefits?

If you're unsure how these changes impact your Social Security benefits or want to make sure you’re getting everything you’re owed, we’d be happy to walk you through it.