I recently retired from the State of Nevada and am receiving a retirement pension of $1819.00 from the State of Nevada. I also receive $992. from Social Security. I am 71 years old. How much will my Social Security be affected by the Windfall Provision because of the State pension I am also receiving?
Hello, Did you pay into SS while working fro the state? How many years did you pay into Social Security? Thanks Tom
I did not pay into Social Security while working for the state. I paid into Social Security for seventeen years.
Your Social Security will reduced by $375 due to the Windfall Elimination. Each year after 20 years that you make substantial earnings under Social Security your benefit will increase by $37. Thanks Tom
Here is the link that explains this http://www.socialsecurity.gov/pubs/10045.html
Tax Preparer and acountant for over 25 years