Ask Larry

Non-Covered Pension - WEP / GPO

Will My Social Security Be Reduced If I Get A PERS Pension?

Husband will be 62 and will collect as he has been laid off for 7 years getting sporadic work. I am working and will be 60. We have gone through much of our saving to make ends meet and I'm not sure what we can do. I will have a small pension from PERS in California and I wanted to know if there is a reduction in my SS benefits because of my pension. Any guidance would help as we are just about in panic mode. Thank you

Hi,

Posted: 
Friday, March 17, 2017 - 06:30

When Should I Start Collecting Widow's Benefits?

I am 65 years old and turning 66 in May. My husband has been deceased since 2007. I am a school teacher in Florida and worked for 13 years. My husbands Social Security would be much more than mine . I am still going to work hopefully until I am 69. I am in a drop program. When I spoke to someone from Social Security, I explained that I would be taking my husbands benefits at 66. When I no longer work, I will be receiving a small pension.

Posted: 
Thursday, March 16, 2017 - 08:00

Am I Correct That My Wife's Teacher's Pension Won't Affect My Social Security Benefits?

My wife passed away before I turned 60. I remarried one day after I turned 60 so I would be eligible to file for survivor benefits. My former wife paid into Social Security for 30 years. My new wife is a retired teacher and receives a teacher's pension and will never receive Social Security since her union opted out of Social Security. My understanding is that her teacher's pension will not impact the amount I receive in survivor benefits nor in retirement benefits when I turn 70 and file for my social security benefit. Is that correct?

Hi,

Posted: 
Thursday, March 9, 2017 - 12:30

Can I Still Get Spousal Benefits If I Receive A German Pension?

I am born, lived and worked nearly all my live in Germany. I moved to the USA in 2010 after marrying an US citizen. Now I am 64 years old. I have only worked 5 years part-time in the USA. Due to that fact and special regulations/laws in Germany I will be eligible for full retirement on 1st March 2017. Since about 2 years I am getting as well spouse's benefits from my husbands Social Security. (He is already retired.) I will not get any US Social Security benefits on my own account .

Posted: 
Wednesday, March 8, 2017 - 08:00

Will I Have Any Liability For WEP On Non-Covered Pension Income Received Prior To Starting Social Security?

I am drawing a pension from Canada. Part of it is for work for Canadian employers (CPP). And part of it is a benefit based on years of residence in Canada (OAS).

I have elected to defer my Social Security benefit for a couple years, when I turn 70. I know I am subject to the WEP then, although by then I will have 27 years of substantial contributions to SS.

Posted: 
Friday, March 3, 2017 - 06:30

Why Does The Maximize My Social Security Software Show Potential Survivor Benefits For My Wife?

My wife is a teacher in Connecticut covered by the State Teachers Retirement Plan and does not pay into Social Security. Maximize My Social Security shows that she will receive a survivor's benefit if I die first. I have paid Social Security Tax since 1975 and have substantial earnings since 1979. A financial planner told us that if I die first, my wife will not receive a survivor's benefit because she only has 9 years of substantial earning under Social Security and is subject to WEP and GPO. Why does Maximize My Social Security show the survivor's benefit for my wife?

Posted: 
Wednesday, March 1, 2017 - 08:00
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