Re-employment and WEP

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Q. I started receiving Social Security benefits when I was 65 (my eligibility age would have been 66). I am now 68 and contemplating going back to work at a job that pays into Social Security. Will that have any effect on the windfall elimination provision that is not deducted from my benefits? I had 38 credits in Social Security when I retired.

A. If you go back to work in a job from which Social Security taxes are taken, when you leave that position and become eligible for a Social Security benefit, you’ll be subject to the windfall elimination provision. The WEP will reduce, but not eliminate, the amount of your Social Security benefit.

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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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