Q. My pension was offset at my 62nd birthday. I have not applied for Social Security yet. I asked if the offset amount at 62 was considered WEP as my Social Security dollar entitlement is minimal. The annual Social Security estimate they sent me in January does not include any WEP adjustment.
Browsing: Windfall elimination provision
Q. I retired under the CSRS with approximately 33 years of government service, and I qualified for Social Security under other jobs. How will my CSRS monthly pension be affected when I begin to qualify for Social Security? A. Qualifying for a Social Security benefit would have no affect on your CSRS annuity. On the other hand, because you’d be receiving an annuity from CSRS — a retirement system where you didn’t pay Social Security taxes — your Social Security benefit would be subject to the windfall elimination provision. WEP reduces the Social Security benefit of anyone like you who has fewer…
Q. Can a worker who is already 62 with 27 years of substantial earnings continue to work and accumulate the 30-year threshold for the windfall elimination provision and eliminate any Social Security reduction at full retirement age at 66 or delayed retirement age at 70?
Q. I am thinking about retiring next year. I have three years of military time. I want to know if buying the time back a good idea. I have only 20 quarters in Social Security. How would the Windfall Elimination Provision impact me? I have 37 years of service this year.
Q. Is the offset amount determined by OPM after consulting with SSA at age 62, even if you are still working? I mean, if you work until age 70 and collect SS at age 66 or 70, is the offset continually adjusted (in my case increased as my salary goes up, and lower early years, not part of CSRS offset are replaced with CSRS Offset years)? How would collecting at 66 versus 70 affect only the CSRS Offset computation? I am wondering if the computation is set at age 62 as the Windfall Elimination Provision computation seems to be?
Q. I am a CSRS employee who will retire at the end of 2014. I have 36 quarters of work covered under Social Security before I started federal service and I am trying to decide whether or not to try to get four more quarters of coverage after I retire. I understand the WEP provision. I was told at a retirement seminar that Social Security quarters do not count if earned before the age of 22 or after the age of 62. Is this true?
Q. My husband is a CSRS retiree with 34 years of service, he also has enough credits to qualify for his own Social Security. I am a FERS employee retiring this year with 33 years of service. We are both GS-15 retirees. Obviously, my Social Security is much higher than his. Would it matter if he files for Social Security under himself or under my benefits? Or will the offset be equivalent?
Q. I am currently receiving a pension (CSRS) for the 30 years of service at USPS. I have also worked in the private sector and have paid into Social Security for 35-plus years. Will I receive a reduced benefit from Social Security when I apply? Or because of the many years that I paid into the system does the windfall elimination provision not apply?
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Q. Can explain why the windfall elimination provision applies to a current U.S. resident alien for a period when he was neither resident in the U.S. nor working for a U.S. company overseas.