WEP and future earnings

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Q. I retired from CSRS in 2002. I applied for Social Security at age 62 with the windfall elimination provision. I am 65 and would like to work a nongovernment job. Will WEP have an effect on any future earnings and my small Social Security benefit?

A. Once the WEP is applied, its effect is permanent. However, if you go back to work and have earnings from wages or self-employment, you’ll be paying Social Security taxes on those earnings. As a result, you’ll be entitled to additional Social Security benefits, which will increase the amount you receive.

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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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