Tag #Government Pension

What are the potential long-term financial implications of repealing the WEP and GPO, and how might this affect future Social Security reform efforts?

The bill's passage would alter Social Security's progressive benefit structure, benefiting higher earners at the expense of lower earners. The WEP and GPO were designed to prevent double-dipping; their removal will accelerate the depletion of Social Security's trust fund by six months, costing an estimated $196 billion over 10 years. This directly contradicts efforts to maintain the long-term solvency of the system.