Ask Larry

What Can I Do If My Former Employer Failed To Report My Earnings?

I discovered that a previous employer did not report my earnings back in 1986. I've been retired (at 66) for a few years now. Is it likely that that $6,000 would make a difference in my monthly Soc. Sec. check now? I have the withholding statement from the employer. The owner is now deceased but the current corp. still exists. How should I handle this?

Hi,

It probably wouldn't make much of a difference, if any, in your benefit rate. It really depends on whether or not 1986 would be among your highest 35 years of work adjusted earnings (https://www.ssa.gov/pubs/EN-05-10070.pdf). If you have proof of your wages that year, ideally a W-2 form showing that FICA taxes were withheld, you can submit the proof to Social Security and request a recomputation of your benefit rate.

Best, Jerry

Posted: 
Mar 9 2017 - 1:30pm
MaxiFi software running on a laptop
Get What's Yours!
Discover tens of thousands in extra retirement dollars with Maximize My Social Security software!
  • Find your maximized strategy
  • Unlimited what-ifs
  • Step-by-Step filing instructions
  • Our software's lifetime-benefit increase for an illustrative couple earning $65K each and planning to take retirement benefits at 62.

    Results will differ based on your specific case and filing strategy.

Getting Started is Easy
Web-based software. Works on ALL browsers. No download.