I receive a state of Illinois pension (SURS) and am eligible for federal pension July 2021 when I turn 62. How is my social security? I have 14 credible years with SSN.

Hi,

If you have at least 40 calendar quarters (QC) of Social Security credits, you'll be eligible for Social Security retirement benefits as early as age 62. However, if you're also receiving a pension based on your work and earnings that weren't subject to Social Security taxes, your Social Security retirement benefit rate will almost certainly be reduced due to the Windfall Elimination Provision (WEP). WEP can cause a person's Social Security retirement benefit to be calculated using an alternate, less generous, computation formula than the normal formula that's used to calculate retirement benefit rates (https://www.ssa.gov/pubs/EN-05-10045.pdf).

Our software (https://maximizemysocialsecurity.com/purchase) is fully programmed to handle benefit computations involving the WEP provision, so you may want to strongly consider using the software to calculate your projected benefit rate and analyze the filing options so that you can determine the best strategy for maximizing your benefits.

Best, Jerry