Saturday, September 5, 2009

Windfall Elimination Provision

Title: Windfall Elimination Provision
Article Snip: "...The Windfall Elimination Provision affects how the amount of your retirement or disability benefit is calculated if you receive a pension from work where Social Security taxes were not taken out of your pay. A modified formula is used to calculate your benefit amount, resulting in a lower Social Security ­benefit than you otherwise would receive...."
Reference: www.ssa.gov

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