What’s the Social Security Windfall Elimination Provision?
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What’s the Social Security Windfall Elimination Provision?
If you qualify for Social Security and collect a pension from a job that doesn’t pay FICA taxes, your Social Security income will be reduced but not eliminated.
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Windfall Elimination Provision Explained
Windfall Elimination Provision: Two thirds of your Social Security must be reduced by the amount of your government pension. If your pension is $600 per month, your Social Security is reduced by $400 per month. This also impacts disability. If you have 30 years paying into Social Security WEP is eliminated! | Sylvia Gordon
0:58
Windfall Elimination Provision: Two thirds of your Social Security must be reduced by the amount of your government pension. If your pension is $600 per month, your Social Security is reduced by $400 per month. This also impacts disability. If you have 30 years paying into Social Security WEP is eliminated! | Sylvia Gordon
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