Ask Terry Questions Retired government employee Social Security

Retired government employee Social Security

By Terry Savage on December 27, 2020 | Financial Planning / Retirement

As a retired Federal government employee I don’t qualify for social security but if I achieve 40 quarters of social security during retirement will I be able to collect a small social security pension?

Terry Says

This is a complicated question with several variables in the answer. You are dealing with the “WEP” — windfall elimination provision.
FERS retirees receive Social Security benefits and in certain cases a supplement if they retire under age 62. CSRS retirees may receive benefits if they worked 40 quarters, 10 years in the private sector. CSRS retiree benefits are reduced by the Windfall Elimination Provision (WEP).

Read more at this website, helping Federal employees understand their benefits: https://www.federalretirement.net/social_security.htm

Check with Social Security about your situation and your personal details.

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