Ask Larry

Non-Covered Pension - WEP / GPO

Would My Pension From Greece Affect My Social Security Benefits?

Dear Larry,
I am receiving a pension from Greece as a retired university faculty. After moving to the US I became a US citizen, worked again in academics and I have recently retired as university faculty. I am eligible for social security benefits. Would my pension from Greece affect my social security benefits?
Thank you very much.
Regards,
Chris

Hi Chris,

Posted: 
Sunday, October 4, 2020 - 08:32

Can I Avoid The Windfall Elimination Provision By Taking A Lump Sum Instead Of A Lifetime Payout?

I am a teacher in Texas and do not pay into Social Security.
Am I able to avoid the windfall elimination provision by taking my contributions into my pension in 1 lump sum instead of the lifetime payout? (I do meet the 40 quarter minimum of paying into SS)

Do you have any written articles on this topic?

Also, can I start by taking my SS benefits then when my spouse passes take his ss benefits?
I realize that I cannot take both.

Do you have any written articles on this matter?
Thank you

Hi,

Posted: 
Wednesday, September 30, 2020 - 11:55

Will My Ex-Wife's Social Security Payment Be Affected If She Receives A Portion Of My Public Pension?

Hi Larry. I am a divorced police officer. I retire in 15 months. My ex-wife is going to get 14% of my pension. Will her social security payment be affected by my public pension through the Windfall elimination provision as my social security will be? Thanks in advance for your response.

Mark

Hi Mark,

No. The Windfall Elimination Provision (WEP) can only apply if a person is receiving a pension based on their OWN work and earnings that weren't subject to Social Security taxes.

Best, Jerry

Posted: 
Wednesday, September 23, 2020 - 17:50

Do You Have Any Idea Why Social Security Would Have Applied GPO In My Wife's Case?

Larry,

My wife has a modest UK pension, and had her own full social security benefit reduced by roughly one-third of the pension amount, per the windfall elimination rules. I recently pulled the trigger on getting my own full benefits, after waiting and instead getting spousal benefits for a few years (I bought both your book and the subscription to your website and found both very helpful in our planning!!)

Posted: 
Monday, September 14, 2020 - 17:41

What Do I Do?

I received a notice from SSA today informing me that due to the Windfall Elimination Provision that my benefits have been reduced by $427/mo retroactive to my first benefit check, therefore I owe then $6784 in overpayment. I do not receive a pension. I did work as a pastor for 30 years and contributed to a 403B via payroll deduction. I have taken an annual distribution from that for about 3 years. The Church I worked for was a 501C3 corporation. SSA has the impression that I am eligible for a monthly pension-are they talking about my 403B?

Posted: 
Tuesday, August 25, 2020 - 10:36

How Much Will WEP Increase If I Wait Past FRA To Start Drawing My Benefits?

I am going to be hit with the Windfall Provision when I file for social security. I am currently at FRA however I recently found out that by delaying my filing date to get the 8% annual increase the Windfall Provision also goes up.
I have been unable to find out how much WEP will increase each year. I have used the your Software but that doesn't clearly spell this out. Will the Windfall increase cancel out the 8% increase? Is it worth delaying filing only to have the Windfall increase? Thanks

Hi,

Posted: 
Wednesday, August 19, 2020 - 17:22
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