Ask Larry

Do The Yearly Benefit Estimates Sent By Social Security Take WEP Into Account?

Hi Larry...my Social Security will ultimately be subject to WEP...When I get my yearly estimate of benefits in the mail, do they take into account WEP?

Hi,

No. Benefit estimates listed on the Social Security statements (https://www.ssa.gov/myaccount/assets/materials/SSA-7005-SM-SI%20Wanda%20...) that Social Security periodically sends do not account for any potential reduction that may be caused by Windfall Elimination Provision (WEP).

Our software is fully programmed to handle WEP calculations, so you may want to consider using it if you'd like to find out how much you can expect to receive after any WEP reduction is applied.

Best, Jerry

Posted: 
Feb 12 2019 - 9:50am
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