Social Security overpayment

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Q. I worked the first three months in 2011 (January, February, March) then retired. Social Security says it overpaid me. And it did. But how much? The Social Security wage figure it uses includes the pay period ending Jan. 1, 2011. The wages earned were the last two weeks of 2010 with the pay period ending Jan. 1, 2011. Is this a correct calculation for the 2011 Social Security wage?

A. Like the Internal Revenue Service, the Social Security Administration bases its determination on when the earnings are received, not when they are earned.

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Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

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