How the WEP Can Affect Your Social Security Benefit
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:
- 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.
- 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) *
20
or less
21
22
23
24
25
26
27
28
29
30
1990
$178.0
$160.2
$142.4
$124.6
$106.8
$89.0
$71.2
$53.4
$35.6
$17.8
$0.0
1991
185.0
166.5
148.8
129.5
111.0
92.5
74.0
55.5
37.0
18.5
0.0
1992
193.5
174.2
154.8
135.5
116.1
96.8
77.4
58.1
38.7
19.4
0.0
1993
200.5
180.5
160.4
140.4
120.3
100.3
80.2
60.2
40.1
20.1
0.0
1994
211.0
189.9
168.8
147.7
126.6
105.5
84.4
63.3
42.2
21.1
0.0
1995
213.0
191.7
170.4
149.1
127.8
106.5
85.2
63.9
42.6
21.3
0.0
1997
227.5
204.8
182.0
159.3
136.5
113.8
91.0
68.3
45.5
22.8
0.0
1998
238.5
214.7
190.8
167.0
143.1
119.3
95.4
71.6
47.7
23.9
0.0
1999
252.5
227.3
202.0
176.8
151.5
126.3
101.0
75.8
50.5
25.3
0.0
2000
265.5
239.0
212.4
185.9
159.3
132.8
106.2
79.7
53.1
26.6
0.0
2001
280.5
252.5
224.4
196.4
168.3
140.3
112.2
84.2
56.1
28.1
0.0
2002
296.0
266.4
236.8
207.2
177.6
148.0
118.4
88.8
59.2
29.6
0.0
2003
303.0
272.7
242.4
212.1
181.8
151.5
121.2
90.9
60.6
30.3
0.0
2004
306.0
275.4
244.8
214.2
183.6
153.0
122.4
91.8
61.2
30.6
0.0
2005
313.5
282.2
250.8
219.5
188.1
156.8
125.4
94.1
62.7
31.4
0.0
2006
328.0
295.2
262.4
22.96
196.8
164.0
131.2
98.4
65.6
32.8
0.0
*Important: The maximum amount may be overstated because the WEP reduction is limited to one-half of your pension from non-covered employment.
Windfall Elimination Provision (WEP) Chart (76KB)