I worked for the Federal government for almost 33 years and was in the old retirement system, CSRS. I had also worked in the SS system for my 40 quarters - thus earning a SS benefit. SS decided that because I had an annuity from the gov't, any SS I earned would be decreased by 2/3. When I retired in 2011, I applied for SS. I inquired about benefits under my deceased husband's acct, and was told because we were not married the "required 10 year" - I wasn't eligible under his benefits.
Non-Covered Pension - WEP / GPO
Should I quit my teaching job?
I worked in England for 18 years between the years 76 through 93. I have lived in the States as a permanent resident since and when I finally retire I will have thirty years of substantial earnings. Will my British pension effect my US social security.
Question: I am contributing to PERS and am FRA and have paid into SS for over 40 quarters. If I continue working and don't start collecting from PERS, can I get my full SS benefit with no reduction till I start collecting my PERS?
How about a little out of ordinary few Questions :)
My question is about the exceptions listed included in the Windfall Elimination Provision information sheet found on the SocialSecurity.gov website.
it states "The Windfall Elimination Provision doesn't apply if:
"You're an employee of a non-profit organization who was first hired after December 31, 1983"
Hi Larry. I retired from the USPS I understand there is a windfall but my question is Is there a maximum or is it a straight 50% for under 20 years work under social security by the way if I wait to 70 I will have 22 years with substantial contributions will that put me at 40% thank you
I am planning to take divorced widow's benefits at age 60 and then my own retirement benefit at age 70.
At age 65, I also have a miniscule pension from the school system I worked for briefly (paid into PERA and not into Social Security). I understand my own retirement benefit which I plan to take at 70 will be WEPed but by no more than 50% of my pension amount. I have less than 20 years of substantial earnings.
My deceased ex-spouse never worked for any employer that did not withhold social security tax. He had 28 years of substantial earnings.
My wife is receiving social security reduced by Windfall Elimination provision (WEP) because she taught for 20 years in a state that had its own retirement system for employees. In looking at future scenarios, it appears she would be subject to Government Offset Provision on widow's benefits based on my social security. Is that correct? If so, doesn't that seem a bit unfair to penalize benefits based on my earnings record?