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.
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.
See other definitions of WEP
We have 93 other meanings of WEP in our Acronym Attic
- Water Efficiency Program (various organizations)
- Water Entry Point
- Water Entry Pressure
- Water Environment Protection (New York)
- Water-Extended Polyester
- Water-Extended Polymer
- Well-known Entry Point
- West European Politics
- Wind Energy Project (various organizations)
- Wired Equivalent Privacy (802.11 encryption protocol)
- Wired Equivalent Protocol (wireless PC security)
- Wireless Encryption Privacy
- Wireless Encryption Protocol (network security)
- Wisconsin Electric Power
- With Extreme Prejudice
- Women Environmental Program (Burundi)
- Women's Empowerment Principles (award)
- Word Error Probability
- Work Exchange Program (various organizations)
Samples in periodicals archive:
Social Security has provisions--the Government Pension Offset (GPO) and the Windfall Elimination Provision (WEP)--that attempt to take noncovered employment into account when calculating the Social Security benefits for public employees.
NEW DISCLOSURE REQUIREMENTS The new law also seeks to address complaints that the GPO and another provision called the Windfall Elimination Provision often catch public retirees by surprise when they begin to receive their benefits.
Wolfe has been asked to testify before the House Social Security Subcommittee on how the Government Pension Offset (GPO) and Windfall Elimination Provision (WEP) adversely impact federally employed women.
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.
To this end, I have always supported modifying or eliminating the Government Pension Offset (GPO) and the Windfall Elimination Provision (WEP).