Ask Larry

Non-Covered Pension - WEP / GPO

Is There Any Chance That The Current WEP Law Will Be Eliminated?

Any chance the current wep will be eliminated

Hi. The Windfall Elimination Provision (WEP) was added to the Social Security law by Congress in the 1980s, and various bills have been floated in Congress seeking to amend or repeal the law in virtually every Congressional session since that time. None of those bills has even come close to being passed by Congress, so I would be very surprised if the WEP provision is ever changed in any substantial manner.

Best, Jerry

Posted: 
Saturday, November 13, 2021 - 20:45

Will Any Of My Options With Regard To My Non-Covered Pension Make A Difference For WEP Purposes?

I have been contributing to both Social Security and a non-covered pension. The non-covered pension is in a cash balance plan that allows me to take the benefit in several different ways. As a direct payment, as a rollover into an IRA, as a lifetime annuity or a 3 to 10 year annuity. Will any of these be better in terms of reducing the amount of my WEP deduction from Social Security?

I believe if I take the non-covered pension benefit as a term annuity and it ends before I start collecting Social Security then I won't have a WEP deduction. Is this true?

Thanks

Posted: 
Wednesday, November 3, 2021 - 17:27

If My Ex-Husband Is Subject To WEP Will My Divorced Spouse's Benefit Be Reduced As Well?

I was married for 30 years and am now divorced. After the divorce, my ex-husband took a job earning a state pension. For WEP purposes, he only had 20 years of "substantial earnings" before taking the new job. If he is subject to the WEP, will my divorced spouse's benefit be reduced as well? Or will I receive half the amount that he would have received without the WEP reduction?

Posted: 
Tuesday, November 2, 2021 - 09:28

Do You Have Any Experience With People Like Me Who Have A German Pension?

I moved to Germany when I was 40, having already worked a long time in the U.S. I then lived and worked in Germany for 25 years. When I applied there for a German state pension, I was told that there were three possibilities, and if I chose the so-called "long-term insured pension" that the WEP provision would not apply to me later in the U.S. when I applied for SSA benefits That because of a "Totalization Agreement" between Germany and the U.S., my application for my German would be coordinated with the Social Security Administration in the U.S.

Posted: 
Tuesday, November 2, 2021 - 08:54

Is It Correct That I Wouldn't Have A WEP Deduction If My Pension Ends Before My Social Security Payments Start?

I have been contributing to both Social Security and a non-covered pension (Calstrs). The non-covered pension is in a cash balance plan that allows me to take the benefit as a 3 to 10 year term annuity.

I was told by my local Social Security office that if I wait to start collecting Social Security until after the annuity from Calstrs ends, I won't have a WEP deduction on my social security benefit. Is this correct?

Posted: 
Friday, October 15, 2021 - 16:48

Can Social Security Reduce My Spousal Payment?

My husband and I both have state pensions for the Uk. I have never worked in the USA. My husband has just retired and in process of negotiating claiming social security. He worked til he was 70 with about 11 years contributions. We understand he will lose $498 through WEP. Can social. Security take more reductions from my spousal payment? Thank. You

Posted: 
Wednesday, September 22, 2021 - 18:14

Will I Be Able To Collect From My Ex-Wife's Record Or Will That Be Subject To The Windfall Elimination Provision?

Hi Larry, I work for a state agency and will receive a state pension when I retire, Im divorced from my ex wife Who I was married to for 12 years, I also have accrued enough social security credits (48) on my own while working in the private sector before my state job, my question is will I be able to collect on my ex wife's S/S record and will that also be subject to the Windfall Elimination Provision because of the pension I will receive and if so how much will I lose from it. Thank you so much

Posted: 
Thursday, September 16, 2021 - 11:49

Does It Sound Like I'm Safe From A WEP Reduction?

Hello. My understanding of the Windfall Elimination Provision is that it causes a person's Social Security retirement benefit rate to be calculated using a less generous calculation method if the person is also receiving a pension based on their earnings that were exempt from Social Security taxes. I am receiving a small pension from about 10 years' work at a municipal agency. While I was there they withheld OASDI from each paycheck, which I understood to be for Social Security, and all my earnings from that job show up in my Social Security earnings record.

Posted: 
Friday, September 10, 2021 - 09:47

Why Did My SS Benefit Go Down?

I've worked and lived in tge states 10 years before collectors SSDI, recently I became 65 and then applied for Spousal w my American husband. Then I received a letter that was I received pensions. I wasn't but applied to CPP. I'm now getting 72.oo a month from CPP but they r docking me much more. Calling it a non covered pension. My SS has dropped over 100.00 a month? Why?

Posted: 
Thursday, September 9, 2021 - 16:00
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