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lev-tax
lev-tax, Tax Advisor
Category: Social Security
Satisfied Customers: 28082
Experience:  Taxes, Immigration, Labor Relations
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I left government service after 26 years but before age of

Customer Question

I left government service after 26 years but before age of eligibility for retirement and SS. I'm a full time student getting a PhD right now and likely through 2018. How will this affect my SS calculation? I don't work now -- am I a university fellowship though over summers I do teaching assistant work for salary. Thanks. Juliet Smith
Submitted: 9 months ago.
Category: Social Security
Expert:  lev-tax replied 9 months ago.

Many people wonder how the SSA figures their Social Security retirement benefit.

The Social Security Administration bases Social Security benefits on your lifetime earnings. They adjust or index your actual earnings to account for changes in average wages since the year the earnings were received.

Then Social Security calculates your average indexed monthly earnings during the 35 years in which you earned the most. And after that - they apply a formula to these earnings and arrive at your basic benefit, or primary insurance amount.

This is how much you would receive at your full retirement age. So depending on your earning record - it is possible that there are some missing years or earning.

If so - that could affect your social security benefit calculations and you may contact the Social Security Administration.

Following publication might be helpful for better understanding the calculations

https://www.ssa.gov/pubs/EN-05-10070.pdf

Expert:  lev-tax replied 9 months ago.

.

If you work for a federal, state or local government agency, a nonprofit organization or in another country, you may be eligible for a pension based on earnings not covered by Social Security.

A pension based on earnings not covered by Social Security can affect the amount of your Social Security benefit.

Following Windfall Elimination Provision fact sheet explains whether you might be affected.

The Windfall Elimination Provision may affect how the SSA calculates your retirement or disability benefit.

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