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Accession Number
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PB2013-101016
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Title
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Social Security: The Windfall Elimination Provision (WEP).
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Publication Date
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Jan 2013
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Media Count
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10p
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Personal Author
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C. Scott
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Abstract
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The windfall elimination provision (WEP) reduces the Social Security benefits of workers who also have pension benefits from employment not covered by Social Security. Its purpose is to remove an advantage or windfall these workers would otherwise receive as a result of the interaction between the Social Security benefit formula and the workers relatively short careers in Social Security-covered employment. Opponents contend the provision is basically imprecise.
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Keywords
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Benefit plans
Employment
Legislation
Pension plans
Personnel
Provisions
Retirement
Social security
United States government
Windfall eliminiation provision(WEP)
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Source Agency
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Congressional Research Service
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NTIS Subject Category
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70D - Personnel Management, Labor Relations & Manpower Studies
70F - Public Administration & Government
96 - Business & Economics
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Corporate Author
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Congressional Research Service, Washington, DC.
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Document Type
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Technical report
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Title Note
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N/A
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NTIS Issue Number
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1310
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Contract Number
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N/A
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