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Andy4712
Andy4712, Tax Attorney
Category: Social Security
Satisfied Customers: 541
Experience:  Attorney working in social security.
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65yo male considering retirement fro the fire dept.Have enough

Customer Question

65yo male considering retirement fro the fire dept.Have enough credits to qualify for
1205 dollars a month in 2017 August. Does the windfall elimination provision apply here.
I will continue to work to age 70. Present salary about 75k.. I would recieve a pension
Approx 60% of that salary..I plan to enter the deferred retirement option plan in Dec 2018
4 years from that date would be my separation from the fire dept
Submitted: 1 year ago.
Category: Social Security
Expert:  Andy4712 replied 1 year ago.
Here is some info to see if it applies:https://www.ssa.gov/pubs/EN-05-10045.pdfYou should review this.
Expert:  Andy4712 replied 1 year ago.
You should use the calculator at this link:https://www.ssa.gov/planners/retire/wep.htmlIf 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. We do not know whether you are eligible for such a pension, so the benefit estimates you have received may not have been adjusted for such a possibility.Our Windfall Elimination Provision factsheet explains whether you might be affected.How WEP Can Affect Your Benefit If you think your pension will affect your Social Security benefit, you canLook at our WEP chart to see how WEP affects Social Security benefits.Use our WEP Online Calculator or download our Detailed Calculator to see how your benefit may be reduced by WEP.
Expert:  Andy4712 replied 1 year ago.
Here is the link to the calculator:https://www.ssa.gov/planners/retire/anyPiaWepjs04.html