Social Security Beneficiaries Affected by the Windfall Elimination Provision in 2006.

The Windfall Elimination Provision (WEP) is an alternative method of computing benefits for some workers who receive a pension based on work not covered by Social Security. The WEP computation results in a lower benefit than the worker would receive under the regular computation method. This article...

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Publicado en:Social Security Bulletin Vol. 68; no. 2; pp. 21 - 40
Autor principal: Lingg, Barbara A.
Formato: Artículo
Publicado: Social Security Administration 2008
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Acceso en línea:Ver este registro en EBSCOhost
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        atl: Social Security Beneficiaries Affected by the Windfall Elimination Provision in 2006.
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        au: Lingg, Barbara A.
        affil: Office of Research, Evaluation, and Statistics, Office of Retirement and Disability Policy, Social Security Administration
      su:
        Employee benefits
        Pensions
        Social security
        Retirees
        Social security beneficiaries
        Beneficiaries
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          Employee benefits
          Pensions
          Social security
          Retirees
          Health and Welfare Funds
          Other Insurance Funds
          Trusteed pension funds
          Social security beneficiaries
          Beneficiaries
      ab: The Windfall Elimination Provision (WEP) is an alternative method of computing benefits for some workers who receive a pension based on work not covered by Social Security. The WEP computation results in a lower benefit than the worker would receive under the regular computation method. This article provides a brief legislative history, describes the WEP computation and applicability, and presents statistical data about beneficiaries affected by the WEP. The statistical data show that, as of the end of December 2006: About 970,000 beneficiaries, mainly • retired workers, were affected by the WEP, and the WEP affected the benefits of almost 3 percent of all retired workers. Almost half of the retired workers • affected by the WEP received a federal pension, and another 36 percent received either a state or local pension. Sixty-five percent of both retired and • disabled workers affected by the WEP were men.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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