If you earned a government pension from a job not subject to Social Security tax withholding ("noncovered employment") and are also eligible for Social Security benefits through a job where Social Security taxes were withheld, two provisions might reduce your benefits: the windfall elimination provision (WEP) and the government pension offset (GPO).
Social Security is an important source of retirement income for millions of Americans, but how much do you know about this program? Test your knowledge, and learn more about your retirement benefits, by answering the following questions.
1. Do you have to be retired to collect Social Security retirement benefits?
Recently, Social Security and Medicare Trustees released their reports on the current and predicted financial outlook on their trust funds. The 2016 reports project a slight adjustment to the Social Security cost-of living and Medicare premium increases for 2017. Click on the following links to read more about the Trustee Reports: