Inbox Questions | Will GPO Repeal Affect My Benefits?
Big Picture Retirement®
Devin Carroll
4.7 • 546 Ratings
🗓️ 24 January 2025
⏱️ 19 minutes
🧾️ Download transcript
Summary
In this episode, we answer Lori's question about whether the repeal of the Government Pension Offset (GPO) will increase her survivor benefits and how it could impact benefits for those with similar circumstances. We also address Jesus's concern about whether his Social Security check will be reduced when he retires from TRS (Teacher Retirement System). If you've ever wondered how these rules might affect your benefits, this episode is packed with answers and insights.
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Transcript
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| 0:00.0 | Welcome to the Big Picture Retirement Show. |
| 0:07.7 | Today, we're going to the inbox to answer questions sent in by you, our listeners. |
| 0:12.6 | Now, if you'd like to send us a question, just head over to big pictureretirement.com and click |
| 0:17.3 | the Ask a Question tab in the top menu. |
| 0:19.8 | Oh, and just a quick reminder. |
| 0:21.2 | On this podcast, we provide general information |
| 0:24.3 | and not specific tax, legal, or financial advice. |
| 0:28.0 | But if you're ever ready to move |
| 0:29.6 | from the broad education we provide here |
| 0:31.9 | to personalized advice that's specific to you, |
| 0:35.6 | you can find links to our websites down in the description. |
| 0:39.2 | Now let's jump in to today's question. |
| 0:45.2 | John, today's question comes from Lori, but also Hesuz. |
| 0:49.6 | We have two questions that are very similar. |
| 0:51.0 | So let's just roll these all into one question. |
| 0:53.7 | And this is about |
| 0:54.6 | the windfall elimination provision and the government pension offset, which has been in the news |
| 0:58.9 | lately. It has. So this is not something that impacts everyone. There's about three million |
| 1:03.6 | Social Security recipients that is impacted by these two rules. But I would bet that most of our |
| 1:10.3 | listeners, if they're not impacted by it directly, |
| 1:12.5 | they know someone that's impacted by it. And in all of the states, you can see that there is |
| 1:18.2 | some level of public workers who work in jobs where they do not pay into Social Security. |
... |
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