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What does WEP stand for?

WEP stands for Windfall Elimination Provision (Social Security benefits)

This definition appears very frequently and is found in the following Acronym Finder categories:

  • Military and Government
  • Business, finance, etc.

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Other Resources:
We have 93 other meanings of WEP in our Acronym Attic

Samples in periodicals archive:

The Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) originally were designed to prevent those earning government pensions and Social Security spousal or survival benefits from "double-dipping" -- or obtaining the maximum benefits under both systems.
Thousands of carefully planned retirements have been destroyed because school teachers were not aware that they would receive reduced Social Security benefits for their own work under the system through the Windfall Elimination Provision," Hewitt says.
Known as the Windfall Elimination Provision and the Government Pension Offset, the measures primarily affect city, county and state employees in California and 14 other states where public employment is not covered by Social Security.
To address the issues that arise with noncovered public employees, Social Security has two provisions--the Government Pension Offset (GPO), which affects spouse and survivor benefits, and the Windfall Elimination Provision (WEP), which affects retired worker benefits.