Calculate the WEP reduction to your Social Security benefit if you receive a pension from non-covered employment, using the modified bend-point formula and substantial earnings credits.
Calculate the WEP reduction to your Social Security benefit if you receive a pension from non-covered employment, using the modified bend-point formula and substantial earnings credits
Each component has a specific meaning:
Note: Interpret the wep reduction result against the thresholds and context described above.
Enter the non-covered employment for the scenario you are assessing. Calculate the WEP reduction to your Social Security benefit if you receive a pension from non-covered employment, using the modified bend-point formula and substantial earnings credits. Use the wep reduction result to inform your calculation.