If you've spent all of your career in the private sector the recent legislation will not have an impact on your retirement benefits.
However, if you’ve worked or are currently working in a government job without contributing to Social Security, this video is for you.
I break down how taxpayer's Social Security retirement benefits are calculated and explain the impact of the now-eliminated Windfall Elimination Provision (WEP) and Government Pension Offset (GPO). With these restrictions removed, many once affected government employees will see an increase in their retirement benefits.
- Colby