Non-Covered Pension - WEP / GPO

Larry, I continue to work, have a small monthly pension from a state retirement fund and am collecting Social Security benefits. My monthly SSA benefit checks are reduced somewhat with the WEP based on my state (CO) retirement pension. I have been whittling that WEP deduction down each year by continuing to work and currently have logged 27 years of Substantial Earnings, with three to go before that WEP deduction is completely eliminated. I see that the published Substantial Earnings (SE) minimum for 2020 is $25575.

I have worked 47, years. This makes 35, under Social Security. I worked 37, at IRS. I switched to FERS in 1998. I have 21, years substantial earning years. I turned 62, in 2016. My pension is part CSRS part Fers coponents ,19 cars 18 FERS. My estimate is 1335 a month if WEP occurs how much will it be reduced? We were sold it would not be.

Hi,

My wife is retired from federal government civil service. She pays for survivors benefits to be paid to me upon her passing. I will draw from my social security at retirement. Will I be entitled to all of the survivors benefit as well as my full social security if she passes before me? Thank you

Hi,

I am trying to find out two things regarding the Government Pension Offset provision: I currently work in higher education that does not pay into SS. I hope to retire soon...I have a 401A pension plan through the university.

My question is twofold:

1. Once I retire, can I delay by 401a pension payouts until 70 in order to get the full Survivor Benefit that is available due to the death of my husband (he paid into SS his whole life)?

I’m currently receiving a survivors annuity from my wife who was a post office employee under the CRSR programMeaning she did not pay into Social Security she paid into a retirement pension will I be able to receive my full Social Security benefits even
Even though I’m Receiving survivors benefits

Hi,

Yes, receipt of a federal CSRS survivor pension would have no effect on any type of Social Security benefits for which you may be eligible.

Best, Jerry

If non covered pension was reported several years after the fact, and WEP was not applied, how to back-date the guarantee WEP, calculate the debt and a new value of SS benefits?

Thank you for answering

Hi,

The Windfall Elimination Provision (WEP) guarantee is based on 50% of the amount (in U.S. dollars) of your non-covered pension in your first month of concurrent entitlement to the non-covered pension and Social Security benefits. How will SSA calculate a new pension amount, to subtract 50% of the amount of non-covered pension or introduce some adjustments to this amount like COLA or others.
Thank you

Hi,

I'll be subject to WEP and am wondering if I can contribute past age of 62 (not yet receiving benefits) to have a few more years of substantial income counted toward the calculation.

Also, I would qualify at age 62 if all years were averaged until that point. Do you think that the bill is going to pass? S. 3401: Equal Treatment of Public Servants Act of 2020

Hi,

Hi Larry,
I have a question on behalf of my mother. She worked 30 years in the US and about 10 years in Germany. She is 85 and receives social security from the US and Government retirement funds from Germany. However, although she paid quite a bit into SS they reduced her benefits significantly because of her Germany pension. Is this correct? Shouldn't she be able to receive her maximum SS benefits regardless of her Germany pension? She only receives about $600 per month from Germany.

Thanks in advance for your help!
Sierra

I have your MaxSS software but am confused why it returns a $0 spousal benefit for my wife.

I turn 70 this April and will be starting my SS benefit that month. Wife turns 63 this October and is retiring from public school teaching this May with a school pension. She also has ten years significant prior SS earnings.