Benefits Planner: Retirement | Windfall Elimination Provision (WEP…
The monthly retirement benefits are reduced or increased based on your age after WEP reduces your ELY benefit. If you turn 62 in 2024 (ELY 2024) and you have 20 years of substantial earnings, WEP reduces your monthly benefit by $587. (Refer to the chart below.) Your full retirement age is 67. If your full retirement benefit is $1,396, your ELY ...
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