Wep Removal Update 2024. The report explained that “in 2024, the wep reduces the share of the first $1,174 of average indexed monthly covered earnings that social security benefits replace, from 90% to as low as 40%. The wep reduces a social security benefit the person earned through other employment—typically before or after a federal career but in some cases during a career.
Over the past week, we’ve demonstrated that both. The report explained that “in 2024, the wep reduces the share of the first $1,174 of average indexed monthly covered earnings that social security benefits replace, from 90% to as low as 40%.