hi Larry..when calculating how WEP will reduce Social Security and looking at their table of yearly Substantial Earnings, is it based on actual earnings for each year or indexed for inflation earnings? Thank you,
Robin
Hi Robin,
The annual amount defined as 'substantial earnings' for purposes of the Windfall Elimination Provision (WEP) is based on a person's actual earnings, not their indexed earnings.
Best, Jerry
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Posted:
Mar 5 2019 - 4:25pm