Major Social Security Reform—WEP and GPO Eliminated! How Are You Affected?

00:00 Intro 00:58 Windfall Elimination Provision 01:49 Social Security Calculation -AIME 03:02 Example - No WEP & WEP 04:46 WEP Exemptions & Adjustments 06:00 Government Pension Offset 06:27 Example - GPO - Spousal & Survivor 08:57 WEP & GPO Repeal 10:40 Implementation Timeline 12:14 Bloopers Social Security Customer Service: 800-772-1213 Calculator to see how WEP & GOP would have altered Social Security benefits: https://www.ssa.gov/prepare/governmen... Big changes are coming to Social Security! The Windfall Elimination Provision (WEP) and Government Pension Offset (GPO)—two rules that reduced benefits for millions of public sector workers—have officially been repealed. This reform means higher Social Security payments for retirees, including teachers, firefighters, and police officers, starting in January 2024. Learn how these updates could impact your retirement benefits and what steps you need to take to prepare. Some of my favorite books: https://amzn.to/3KF3tlr Camera & equipment I use: https://amzn.to/3Z20lof Disclaimer: Please note that this video is made for entertainment purposes only and not to be taken as financial advice. Always make sure to do your own research. Join the family & subscribe to my channel here:    / erintalksmoney   Thanks for watching, I appreciate you!