Non-Covered Pension - WEP / GPO

Will My Pension From Oregon PERS Affect My Social Security Benefits?

Larry,

I am a retired police officer and paid social security taxes all 20 plus years I worked for the Hillsboro Police Department. Will my pension from Oregon PERS be effected my Social Security benefits?

Thank you!
Roger

Hi Roger,

I'm not sure whether you mean that you paid Social Security taxes on your earnings as a police officer, or if you mean that you worked other jobs on which you paid Social Security taxes. Nor am I familiar with the Oregon PERS plan.

Am I Correct That At Age 70 There Will Be No Reduction To My Benefit Because Of WEP?

Hi Larry,
My wife is 68 and I am 64. When she turns 70 she will collect SS and I plan to collect a spousal benefit. Her benefit will be reduced because of WEP ( Canadian Pension) and I understand that my spousal benefit will also be reduced proportionally. Am I correct in assuming that at age 70, when I collect my own SS, there will be no reduction to my benefit because of WEP?

Hi,

What Will Happen When I Start Receiving A TRS Pension?

I will be 66 yrs old in June of this year. I am a teachers asst. I already get Social Security from my EX husband. He is retired already. I receive 1025.00 a month. This is mine and his together. Being that I will retire through TRS will I be able to receive even a partial amount when I retire?. How does that work. I can't live on my retirement alone. Have been with DVISD for 28 yrs. Thanks, Vickie

Hi Vickie,

Will My Wife's Benefits Be Affected By My Law Enforcement Pensions?

I RETIRED FROM A LAW ENFORCEMENT JOB IN 2011 COLLECTING A PENSION WHICH INCREASES 3% COMPOUNDED EACH YEAR. WE DID NOT PAY SOCIAL SECURITY AT THIS JOB BUT I DID PAY SS AND EARNED ALL MY QUARTERS FROM WORKING PRIOR TO MY LAW ENFORCEMENT JOB AND PART TIME JOBS WHILE WORKING AS A COP. I WOULD BE AFFECTED BY THE FEDERAL PENALTIES FOR THIS PENSION

Is It True That My Social Security Benefits Will Be Reduced If I Receive A State Pension?

I am currently on Social Security Disability receiving about $1,600 after Medical. I work for the state of Vermont for 13 years and have a state pension which I could really use. I am 59 years old and I was told that they would take $638 from my disability benefit to receive my $900 pension. I thought that certain types of Pensions were exempt from this WEP law. Is this true? If so what types of Pensions from state government to not reduce your social security benefit?

Will My Wife's Lump Sum Distribution Affect Her Social Security Benefits?

My wife worked as a teacher in Ohio from 1978 through 1986 and again from 1990 through 1994. She participated in the STRS (State Teachers Retirement System) defined benefit plan, she became vested in 19864(5 years of service). In 2016 when she was 61 years old she was eligible to retire with a reduced benefit or wait until she was 65 years old and retire with a full benefit ($900 per month) - she opted to take a lump sum distribution instead . Will this lump sum distribution affect her social security benefits or her spousal social security benefits ?

Has The 2018 Substantial Earnings Amount Been Set?

Has the 2018 amount been set for "substantial earnings" re: the WEP provision for years of credit? (How much does one need to earn in 2018 for it to count as a year of credit to avoid a WEP-based reduction in Social Security benefit?)

Hi,

Yes, the 2018 substantial earnings amount for the years of coverage exception to WEP is $23,850.

Best, Jerry

Do You Think This Is A Possible Interpretation?

Last June someone asked a question about this: What Is The Effect On Social Security If You Participate In 401(a), 403(b) Or 457 Plans?
Category:
Non-Covered Pension - WEP / GPO
Jun 12 2017 - 7:06am

It did not seem you actually answered their question, though. They said clearly that they were going to OPT OUT of their government pension and keep their social security. That would mean that their 457/401k/403b was supplemental as far as the employer is concerned.