Editor’s note: This is part two of a three-part series about making the most of the changes in Social Security benefits for federal employees brought about by the new Social Security Fairness Act (SSFA). Part one is Five Wins for Federal Employees in the Social Security Fairness Act.
The repeal of the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) by the new Social Security Fairness Act (SSFA) is a significant development in the retirement planning space. While it may initially appear as a boon to millions of retirees, this legislative change has created substantial challenges for the broader financial system, posing risks to Social Security’s long-term sustainability and introducing inequities in benefit distribution.
