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Have you worked as a school teacher for long? What state are you in? Usually educators don't pay into social security. When a person works a job or jobs that does not withhold social security and a job that does, the Windfall Elimination Program (WEP) comes into play. Let's say that WEP does not apply, in general, the amount of your benefits will depend on your total earnings over the years, as well as if you are full retirement age. You can check to see if you are full retirement age at the following SSA webpage.
In addition, as you are still working, this could affect your benefits as well. SEE BELOW:
You can get Social Security retirement benefits and work at the same time. However, if you are younger than full retirement age and make more than the yearly earnings limit, we will reduce your benefit. Starting with the month you reach full retirement age, we will not reduce your benefits no matter how much you earn.
- We use the following earnings limits to reduce your benefits: If you are under full retirement age for the entire year, we deduct $1 from your benefit payments for every $2 you earn above the annual limit.
For 2017 that limit is $16,920.
- In the year you reach full retirement age, we deduct $1 in benefits for every $3 you earn above a different limit, but we only count earnings before the month you reach your full retirement age.
If you will reach full retirement age in 2017, the limit on your earnings for the months before full retirement age is $44,880.
Starting with the month you reach full retirement age, you can get your benefits with no limit on your earnings.
Use our Retirement Age Calculator to find your full retirement age based on your date of birth.
Use our Retirement Earnings Test Calculator to find out how much your benefits will be reduced.
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