Ask The Experts: Retirement

By Reg Jones

WEP

Bookmark and Share

Q. I paid Social Security tax on my “SS statement earnings record,” from 1963 to 1974, and in 1985. I have 27 out of the 40 credits. My retirement number is 66 (I will turn 66 in August). I am still employed. Will I be eligible for Social Security retirement pay (no windfall elimination provision), even though still employed through this year?

A. I’m assuming that you are a CSRS employee. If so, you are subject to the windfall elimination provision. However, since you don’t have 40 credits under Social Security, you won’t be eligible for a Social Security benefit. If you earn enough credits to qualify for a Social Security benefit, it will be subject to the WEP, regardless of your age.

Tags: , , , , ,

Comments

  1. JHenJoh Says:
    January 22nd, 2013 at 7:59 am

    Though if you are eligible and receiving the Social Security benefit, the WEP is not in effect until you actually retire.

Leave a Reply

PLEASE NOTE! Do not submit ANY questions via the Comments form. Instead, please send your questions directly to fedexperts@federaltimes.com. Questions submitted via the Comments form will NOT be answered!