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Ralism implications as specified in Executive Order 13132 (64 F43255, August 10, 1999); Is not an economically significant regulatory action based on health or safety risks subject to Executive Order 13045 (62 FR 19885, April 23, 1997); Is not a significant regulatory action subject to Executive Order 13211 (66 FR 28355, May 22, 2001); Is not subject to requirements of Section 12(d) of the National Technology Transfer and Advancement Act of 1995 (15 U.S.C. 272 note) because applicati.
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Ract FAQ
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For people who reach 62 or developed a disability in 1990 or later, we reduce the 90% factor to as little as 40%. The WEP doesn't apply if: You're a federal worker first hired after December 31, 1983. You're an employee of a non-profit organization which was exempt from Social Security coverage on December 31,1983.
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How much will my Social Security benefits be reduced? We'll reduce your Social Security benefits by two-thirds of your government pension. In other words, if you get a monthly civil service pension of $600, two-thirds of that, or $400, must be deducted from your Social Security benefits.
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The Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) are two separate provisions that reduce regular Social Security benefits for workers and their eligible family members if the worker receives (or is entitled to) a pension based on earnings from employment not covered by Social Security.
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You can retire with Social Security and a pension at the same time, but the Social Security Administration (SSA) might reduce your Social Security benefit if your pension is from a job at which you did not pay Social Security taxes on your wages.
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The Government Pension Offset (GPO) reduces benefits you may be eligible to receive based on your spouse's work record. This reduction does not affect your spouses' benefits. To clarify, it affects the benefit you are eligible to receive based on your spouse's work record.
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BACKGROUND: The Government Pension Offset ( GPO ) adjusts Social Security spousal or widow(er) benefits for people who receive “non-covered pensions.” A non-covered pension is a pension paid by an employer that does not withhold Social Security taxes from your salary, typically, state and local governments or non- U.S. ...
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Your benefit might be reduced if you get a pension from a government employer who wasn't required to withhold Social Security taxes. This reduction is called the “Government Pension Offset” (GPO). Learn more about this reduction (PDF).
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The WEP may apply if you receive both a pension and Social Security benefits. In that case, the WEP can reduce your Social Security payments by up to 50% of your pension amount. This reduction is known as the WEP PIA.
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