SOCIAL SECURITY WEP/GPO OFFSETS ON TABLE for 2010

Plans are underway in Washington, D.C. to act on Social Security reform early in 2010.

Despite having received overwhelming Congressional support in the recent past for a full repeal of the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), it has become evident that any change in these offsets in Social Security would take place as part of a larger “reform” of the system scheduled for next year.

During the 2007-2008 Congressional Session, 435 Representatives and 36 Senators cosponsored bills to fully repeal the WEP/GPO laws. President Barack Obama, along with several of his key aides, also supported past repeal efforts.

The President is expected to announce an outline for Social Security reform in the coming weeks, which will provide a basis for debate to begin on Capital Hill.