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RCWS 010 - The Social Security Fairness Act What it Means for Educators and Public Servants

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Manage episode 479938238 series 1919362
Content provided by Dr. John Colegrove, CFP® Professional, Dr. John Colegrove, and CFP® Professional. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dr. John Colegrove, CFP® Professional, Dr. John Colegrove, and CFP® Professional or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Dr. John Colegrove dives into the Social Security Fairness Act, a significant legislative update that impacts thousands of public sector employees—including Gwinnett County Public School educators and staff, firefighters, and federal workers.

John explains the repeal of two major penalties: the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), which previously reduced or wiped out Social Security benefits for individuals who contributed to a pension but not to Social Security during their public service careers.

This change marks a major shift in retirement planning for many, ensuring fairer treatment for those who’ve contributed to both systems at different points in their careers.

Tracking #706183

  continue reading

11 episodes

Artwork
iconShare
 
Manage episode 479938238 series 1919362
Content provided by Dr. John Colegrove, CFP® Professional, Dr. John Colegrove, and CFP® Professional. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dr. John Colegrove, CFP® Professional, Dr. John Colegrove, and CFP® Professional or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Dr. John Colegrove dives into the Social Security Fairness Act, a significant legislative update that impacts thousands of public sector employees—including Gwinnett County Public School educators and staff, firefighters, and federal workers.

John explains the repeal of two major penalties: the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), which previously reduced or wiped out Social Security benefits for individuals who contributed to a pension but not to Social Security during their public service careers.

This change marks a major shift in retirement planning for many, ensuring fairer treatment for those who’ve contributed to both systems at different points in their careers.

Tracking #706183

  continue reading

11 episodes

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