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I recently retired from the State of Nevada and am receiving

 
Taxtom's Avatar
  • Answered by:Taxtom
  • Accountant
  • Positive Feedback: 97.2 %
  • Accepted Answers: 477
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Customer Question

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?

Submitted: 529 days and 21 hours ago.
Category: Social Security
Value: $38
Status: CLOSED

Accepted Answer

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Expert:  Taxtom replied 529 days and 21 hours ago.


Taxtom :

Hello, Did you pay into SS while working fro the state? How many years did you pay into Social Security? Thanks Tom

Customer :

I did not pay into Social Security while working for the state. I paid into Social Security for seventeen years.

Taxtom :

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

Taxtom :

Here is the link that explains this http://www.socialsecurity.gov/pubs/10045.html

Expert TypeAccountant
Category: Social Security
Pos. Feedback: 97.2 %
Accepts: 477
Answered: 11/1/2011

Experience: Tax Preparer and acountant for over 25 years

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