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    News You Should Know: Lawmaker Proposes New WEP Formula

    News You Should Know

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    July 19, 2023

    Neal Reintroduces Proposal to Fix WEP | American Society of Pension Professionals & Actuaries

    Rep. Richard Neal (D-MA) is among the members of Congress who are renewing efforts to modify or repeal Social Security’s Windfall Elimination Provision (WEP) and Government Pension Offset (GPO). Neal’s bill, the Public Servants Protection and Fairness Act of 2023, would update the WEP to create a new, proportional formula for calculating a pensioner’s Social Security benefit.

    Alzheimer’s Drug Leqembi Has Full FDA Approval Now and That Means Medicare Will Pay For It | The Associated Press

    The U.S. Food and Drug Administration gave its full approval to the new Alzheimer’s drug Leqembi, meaning the agency believes the medication is safe and effective. Full approval means Medicare will cover the drug, despite earlier concerns about its cost and the effects on Medicare’s finances.

    Gen X Should Prepare Now for the Great Wealth Transfer | Kiplinger

    An event known as the Great Wealth Transfer — when Baby Boomers will hand down an estimated $84 trillion to their children and others — is expected to take place over the next several decades. Many of the beneficiaries of that transfer are members of Generation X, and they may find themselves with newfound money or other assets they’re not sure how to manage.

    Understanding Caregiver Burnout | Next Avenue

    When a loved one suddenly falls ill or otherwise loses the ability to care for themselves, a spouse or relative often ends up in the role of caretaker. It’s a role that brings its own share of challenges, and it’s important to make sure the caregiver is also getting the care they need.


    News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.

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