The following is taken from a Social Security publication found at
www.socialsecurity.gov/retire2/wep-chart.htm and represents figures as of October 2005.
If you paid Social Security tax on 30 years of
substantial earnings you are not affected by the
Windfall Elimination Provision (WEP).
The following chart shows the
maximum monthly amount your benefit can be reduced because of WEP if you have fewer than
30 years of substantial earnings. (To calculate your WEP reduction, please use our
WEP Online Calculator or download our
Detailed Calculator.)
The chart is easy to use.
1. Go to the Eligibility Year (ELY) column to find the year you reach age 62 or became totally disabled (if earlier). If your birthday is on
January 1st, use the year before you reach age 62.
2. Go to the column that shows the number of years you paid Social Security tax on
substantial earnings. The amount shown is the maximum your benefit can be reduced in your Eligibility Year because of
the Windfall Elimination Provision (WEP).
Important: The amounts in the chart do not reflect the effect of cost of
living adjustments, early retirement,
delayed retirement credits, or other factors.
Dental and vision insurance is voluntary. Federal employees and retirees will be able to select dental and vision insurance plans during
an open season, which begins on November 13. The Dental and Vision Insurance Program goes into effect on Dec. 31, 2006. As is the case with
long term care insurance, participants will pay the entire cost of the premiums; there will be no government contribution to premiums.
Maximum Monthly Amount Your Benefit May Be Reduced Because Of The Windfall Elimination Provision (WEP)
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