Talk:Windfall Elimination Provision

Tags
I will be adding context and sources soon enough, had just finished working in depth on Retirement Insurance Benefits. In the next couple days this will be a fully explanatory article. KV(Talk) 20:51, 7 December 2007 (UTC)

Request for Comment - Context Tag
A tag was placed on the article about the introduction not providing enough context for those who are not familiar with the subject. The introduction has since been editted. Should the tag now be removed? —Preceding unsigned comment added by King Vegita (talk • contribs) 18:27, 12 December 2007 (UTC)


 * It looks like it's been contextualized now. Good work. I assume the RfC is now moot and have removed it. Usually, RfC's are only needed when users working on an article cannot come to agreement. Cool Hand Luke 00:59, 23 December 2007 (UTC)

This information is for those who may be claiming both Canada Pension Plan and SSA Retirement Benefits. The SSA has interpreted the WEP to apply to payments from CPP, which can have the effect of reducing your US retirement benefit by 50% of your Canadian pension. This interpretation is legally incorrect but has been adopted by the SSA to save money. The argument is too complicated to repeat here, but if you are approaching your retirement date and are in the position of claiming from both the US and Canada, you should get some professional if you care about losing half of your CPP. By the way, since the reduction is taken from your US payments, you still pay tax on 100% of your CPP. If your tax rate is, for example, 40%, then you will, in effect, end up with 10% of your CPP. Forever. I am not making this up. — Preceding unsigned comment added by Alicemolly (talk • contribs) 19:28, 2 February 2013 (UTC)

From a Reader: I just filed for SS benefits, which were reduced due to a few years of substitute teaching in the California school system. The SS worker claimed the reduction was due to the Windfall Elimination Provision, so I looked it up here. Unfortunately, the description here does not make sense to me, even though I have a business and general accounting background. Can someone add a few practical examples to show how it works for the average person? Shtiger (talk) 22:29, 26 April 2014 (UTC)

WEP applicability question
Under Applicibility, the article states "The beneficiary has not obtained 30 Years of Coverage (YOCs) at the age of 62 years old." I believe this statement is true, but see my Comment and the author's response in the article here: http://retirementrevised.com/unraveling-the-mysteries-of-social-security-wep-and-gpo/#comment-1664 Do we have a source that confirms that the 30 years of coverage must be in place before age 62 in order for WEP to take effect?

Maximum WEP Reduction
I think there should be a section showing the maximum possible WEP reduction by year, which for 2024 is $587. 24.38.94.98 (talk) 23:45, 26 February 2024 (UTC)