Social Security Fairness Act Rules

Am I Impacted By The Social Security Fairness Act?

Navigating the changes brought by the Social Security Fairness Act of 2023 can be complex, but it’s crucial for your financial planning. The repeal of the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) may increase their benefits and overall income stream.

To help, we’ve created the “Am I Impacted by the Social Security Fairness Act?” flowchart. It addresses key considerations such as:

  • How benefit increases will be applied
  • Potential planning considerations for spousal or survivor benefits
  • The impact on how one pays for Medicare premiums
  • Considerations for retiring sooner
  • The importance of updating contact information

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