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If you have 30 or more years of substantial earnings we don146t reduce If you have 30 or more years of substantial earnings we don146t reduce

If you have 30 or more years of substantial earnings we don146t reduce - PDF document

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Uploaded On 2021-10-02

If you have 30 or more years of substantial earnings we don146t reduce - PPT Presentation

YearSubstantial earnings19801981198219831984198519861988YearSubstantial earnings1989199019911992199319941995199619981999200020012002200320042005200620082012YearSubstantial earnings2013201420152016201 ID: 893223

elimination provision substantial percent provision elimination percent substantial years earnings windfall reduce factor yearsubstantial security affect social table x00660069

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1 If you have 30 or more years of substant
If you have 30 or more years of substantial earnings, we don’t reduce the standard 90 percent factor in our formula. See the �rst table that lists substantial earnings The second table shows the percentage used to reduce the 90 percent factor depending on the number of years of substantial earnings. If you have 21 to 29 years of substantial earnings, we reduce the 90 percent factor to between 45 and 85 percent. To see the maximum amount we could reduce your bene�t, visit YearSubstantial earnings19801981198219831984198519861988 YearSubstantial earnings19891990199119921993199419951996199819992000200120022003200420052

2 00620082012 YearSubstantial earnings2013
00620082012 YearSubstantial earnings201320142015-20162018201920202021 Years of substantial earningsPercentage30 or more90 percent2985 percent2880 percent262565 percent2460 percent2355 percent2250 percent2145 percent20 or less40 percent Social Security AdministrationJanuary 2021 (Recycle prior editions)Windfall Elimination Provision 2021Windfall Elimination ProvisionYour Social Security retirement or The Windfall Elimination Provision can affect how we This provision can affect you when you earn a and you qualify The Windfall Elimination Provision can apply if:• You reached age 62 after 1985; or• Windfall Elimination Provision (over