Search results
The Windfall Elimination Provision (WEP) can affect how Social Security calculates your retirement or disability benefit. If you work for an employer who doesn’t withhold Social Security taxes from your salary, any retirement or disability pension you get from that work can reduce your Social Security benefits.
BACKGROUND: The Windfall Elimination Provision (WEP) is a formula used to adjust Social Security worker benefits for people who receive “non-covered pensions” and qualify for Social Security benefits based on other Social Security–covered earnings.
Oct 10, 2018 · The Windfall Elimination Provision (WEP) is a formula that can reduce the size of your Social Security retirement or disability benefit if you receive a pension from a job in which you did not pay Social Security taxes.
The Windfall Elimination Provision reduces your benefit amount before it is reduced or increased due to early retirement or delayed retirement credits. It is this WEP-reduced benefit that is increased, or decreased, due to filing age.
May 21, 2024 · Social Security’s Windfall Elimination Provision (WEP), Explained. The WEP is a formula that can reduce monthly Social Security benefits for workers who received pensions that didn’t pay into ...
If you are expecting to receive a pension based on work not covered by Social Security, (e.g. federal, state, or local government employment) it may reduce the amount of Social Security benefits we can pay you. Our Windfall Elimination Provision (WEP) Online Calculator can tell you how your benefits may be affected.
Learn how receiving a pension from a government job may affect your retirement benefits if you did not pay Social Security taxes. This offset is referred to as the Windfall Elimination Provision, or WEP.
