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lev-tax
lev-tax, Tax Advisor
Category: Social Security
Satisfied Customers: 28084
Experience:  Taxes, Immigration, Labor Relations
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I'm a federal employee hired after 1985 and therefore covered

Customer Question

I'm a federal employee hired after 1985 and therefore covered under FERS. I have 25 years of substantial earnings under social security. The Social Security Website states Federal employees hired after 1985 are exempt from the WEP. Yet, I will have a small foreign pension due to living and working in another country a long tome ago. Will my foreign pension be subject to the WEP?
JA: These retirement benefits are supposed to help us but they can be so complicated! The Retirement Expert will help you get the most benefits propertly. Is there anything else the Retirement Accountant should be aware of?
Customer: No
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Submitted: 7 months ago.
Category: Social Security
Expert:  lev-tax replied 7 months ago.
Your social security benefits will be subject to WEP due to be eligible for a foreign pension and because that earnings were not covered under the US social security system.The SSA won’t reduce your Social Security benefit amounts if you performed federal service under a system such as the Federal Employees’ Retirement System (FERS). Social Security taxes are withheld for workers under FERS.To be fully exempt from WEP - you should have 30 or more years of substantial earnings under Social Security.
Expert:  lev-tax replied 7 months ago.
If you think your pension will affect your Social Security benefit, you can•Look at our WEP chart to see how WEP affects Social Security benefits.https://www.ssa.gov/planners/retire/wep-chart.html•Use our WEP Online Calculator or download our Detailed Calculator to see how your benefit may be reduced by WEP.https://www.ssa.gov/planners/retire/anyPiaWepjs04.htmlLet me know if that works for you?