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Hi GailL1,Let me show our two calculations charts side by side:Sample Calcs . . . . . . .Annual Figures Sample Calcs . . . . . . .MONTHLY Figures MineSpouse MineSpouseGovt. Pension6000018000 Govt. Pension50001500SS/WEP66001800 SS/WEP550150 S...
1
Reply
0
Kudos
2907
Views
Hi GailL1,Thanks for the clarification. With your method of calculating where the -2/3 of “pension” is -2/3 of the lower earner’s SS/WEP benefit taken from the “Comparison” figure, then based on my calculations, it will always work out that if the ...
1
Reply
0
Kudos
2958
Views
Thanks GailL1,So let me see if I got this right: Sample Calcs . . . . . . .Annual Figures MineSpousePension6000018000SS/WEP66001800Medicare-1800-1800SS Net48000 Spousal w/GPO 1/2 MySS/WEP 3300- 2/3 own Pension -12000Benefit -8700 so $0Peace, J...
2
Replies
0
Kudos
3023
Views
I worked as a Civil Servant (CSRS) and didn't pay into SS Retirement and so have WEP applied to my SS retirement. I do have 40 quarter earned earlier. My wife worked for the St. of CA in the UC/Davis Medical Center in Sacramento and didn't pay into...
2
Replies
0
Kudos
3086
Views
Hi GailL1,Let me show our two calculations charts side by side:Sample Calcs . . . . . . .Annual Figures Sample Calcs . . . . . . .MONTHLY Figures MineSpouse MineSpouseGovt. Pension6000018000 Govt. Pension50001500SS/WEP66001800 SS/WEP550150 S...
1
Reply
0
Kudos
2907
Views
Hi GailL1,Thanks for the clarification. With your method of calculating where the -2/3 of “pension” is -2/3 of the lower earner’s SS/WEP benefit taken from the “Comparison” figure, then based on my calculations, it will always work out that if the ...
1
Reply
0
Kudos
2958
Views
Thanks GailL1,So let me see if I got this right: Sample Calcs . . . . . . .Annual Figures MineSpousePension6000018000SS/WEP66001800Medicare-1800-1800SS Net48000 Spousal w/GPO 1/2 MySS/WEP 3300- 2/3 own Pension -12000Benefit -8700 so $0Peace, J...
2
Replies
0
Kudos
3023
Views
I worked as a Civil Servant (CSRS) and didn't pay into SS Retirement and so have WEP applied to my SS retirement. I do have 40 quarter earned earlier. My wife worked for the St. of CA in the UC/Davis Medical Center in Sacramento and didn't pay into...
2
Replies
0
Kudos
3086
Views
Hi GailL1,Let me show our two calculations charts side by side:Sample Calcs . . . . . . .Annual Figures Sample Calcs . . . . . . .MONTHLY Figures MineSpouse MineSpouseGovt. Pension6000018000 Govt. Pension50001500SS/WEP66001800 SS/WEP550150 S...
1
Reply
0
Kudos
2907
Views
Hi GailL1,Thanks for the clarification. With your method of calculating where the -2/3 of “pension” is -2/3 of the lower earner’s SS/WEP benefit taken from the “Comparison” figure, then based on my calculations, it will always work out that if the ...
1
Reply
0
Kudos
2958
Views
Thanks GailL1,So let me see if I got this right: Sample Calcs . . . . . . .Annual Figures MineSpousePension6000018000SS/WEP66001800Medicare-1800-1800SS Net48000 Spousal w/GPO 1/2 MySS/WEP 3300- 2/3 own Pension -12000Benefit -8700 so $0Peace, J...
2
Replies
0
Kudos
3023
Views
I worked as a Civil Servant (CSRS) and didn't pay into SS Retirement and so have WEP applied to my SS retirement. I do have 40 quarter earned earlier. My wife worked for the St. of CA in the UC/Davis Medical Center in Sacramento and didn't pay into...
2
Replies
0
Kudos
3086
Views
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| Date Registered | 05-31-2016 09:16 PM |
| Last Visited | 05-25-2021 07:51 PM |
| Total Messages Posted | 4 |