Social Security Windfall Elimination WEP & GPO

Will your Social Security benefits be reduced by Windfall Elimination WEP & GPO provisions?

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[Ithaca]

This is so unfair. We paid social security and we should receive it and not be penalized. It not double dipping. Not only that a spouses should not be penalized either. And it time to fix it.

[jennychavez]

I’m new with this channel. I’m very excited to learn more about this benefits. I’m going to be my 60 this year!! This channel is giving me so much information . Thank you!!!

[susanpope]

I had to pay 14% into my state teachers retirement. I also qualified for social security but will lose most of it to WEP. I will delay collecting til 70 since I get so little - it will barely cover my Medicare payments. I get no COLA for my very modest State teachers pension. As a teacher, I had a very modest income. SS will get a COLA this year - I will not - I have to wait for 5 years. If inflation continues as is, I will lose almost half of the buying power of an already modest pension. Also, I cannot collect any of my spouse’s social security due to GPO. How is any of this fair?

[ninamoreno]

Best explanation so far. Thank you. ❤

[ragtimeKG]

I will receive a government 403b account which did not pay FICA, and i also have a personal IRA. If I only withdraw from the IRA (and not the 403b), am I subject to WEP? Or, if I stop receiving 403b installments, and shift to the IRA, will I avoid the WEP during the stoppage?

[kingssing]

SSA should already have that calculated in our statement what a shame

[marshabowlin]

I get small pension from working 7 years for county my spouse worked 35 years and paid SS and served during Vietnam he was drafted he passed away in January he paid in to SS that was his check w e p reduced it because I worked for county 7 years, sad the government will do this to a widow sad they did this to a veteran who was drafted made to go and served his country

[s.c.]

I worked for 23 years in a gov’t position where I PAID into SS. This job will provide a pension. I then took a new job where I do NOT pay into SS, and will likely work another 20 years AND I will get a gov’t pension from this second job. When I retire from job #2 and collect my SECOND gov’t pension, will I lose my SS because of WEP? I understand the idea that getting a gov’t pension AND SS is considered a “windfall” but since I paid into SS for 23 years - shouldn’t I still get something?

[terryroth]

I took SS at 62, had a small govt pension, also had SS. They adjusted the amount so that I didn’t get as much SS. My question is, do I still qualify for the spousal benefit when he retires?

[markjeepingful]

Thank you for this video very helpful!!!

[robertrussell]

I am not looking for a hand out, I earned my social security benefits. I agree, it is not double. If I received what I should receive, I still would be living in poverty. Double dipping is a myth. Thanks

[Silverado]

I worked for the Federal Govt but I also worked in the private sector and receiving my 40 quarters. I do fall under WEP at present. My question is will I be able to receive my wife's SS if she passes before I do?

[lolitamadrigaltownes]

I was forced to pay into both programs and the government stealing from me

[nbedwards]

Question. I'm thinking of taking SS at my full retirement age but continuing to work a few more years after that at my state government job that will pay me a separate pension when I fully retire. Since I won't be collecting that pension for a few years will WEP hit me up immediately or not until I start collecting that other pension?

[SystaSoldier]

So…..if I paid into and earned my social security credits by working in the private sector for 23 years, then work for 20 years for a local municipality, am I still penalized by the WEP? I am single.

[robm]

why has $25000 dollars not been increased as years go by for amt after which social security benefits become taxable if you still is poverty level mean thats barely covering the problem is easily fixed as far as shortage if they just raise the level currently around $146000 at which social security is no longer needs to go way up well over $250000 but of course no politicians want that because it affects their they would rather increase taxes on all of us low and middle class workers

[US_ARMY__INF._DIV.]

I am a retired yet retired, but if i understand the windfall correctly they will be taking 60 percent of my have a small ss that will be 1000 k when I turn 62 and I will be left with 400 dollars each month...for the life of me I do not understand why I have to get dinged on this...I did not pull the 40 quarters out of my ass....I worked for that from 1981 to 2019 of course with some very small earning years and even about 5 zero years.... I can not complain due to have 3 pensions and a VA disability, but I still busted my butt for those quarters....Oh well....

[elkelee]

What if you a native from another country and had income there

[dodgerblue]

So it makes no sense for me to get a job covered by Social Security because I will never see a penny of what I pay into Social Security because I have a pension. No wonder they can't find people to work.

[beautyRest]

I worked 26 substantially earnings in the US and 23 years in Germany. Will they deduct me $200 once I get my pension from Germany?