Ask The Experts: Retirement

By Reg Jones

Social Security and the windfall elimination provision

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Q. I have approximately 25 years of Social Security credit, five years less than the 30-year total, which would exempt me from a WEP-based Social Security reduction. I am now at full retirement age, collecting my Social Security with a WEP deduction, and also working full time in a position for which I am paying Social Security taxes. Is this year, and every additional year that I work and pay Social Security tax, added to my 25-year total; if so, is there a subsequent recalculation of my WEP deduction every year as I inch toward 30 years with no deduction to my Social Security at 30?

A. No.

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