Article 5 Section 5 of the Retiree constitution: Conduct of Election All regular elections shall be held at the Chapter meeting immediately prior to the tri- annual April meeting of the GCOAL beginning in 2014. Officers shall be elected by Secret Ballot at the aforementioned Chapter's meeting.

 

CSRS Employees and Social Security

 

One of the most common questions we receive in our seminars is from CSRS employees on their Social Security.       While there aren’t a  lot of CSRS employees who qualified for Social Security there are enough that we felt it necessary to write this article.      We have tried to simplify a very complex subject and explain it in a way you can understand.
The Windfall Elimination Provision was passed by the government because they felt CSRS employees were getting Social Security checks that were higher than they should be.    We don’t agree with this logic, but this is why the law was passed.       In a nutshell, the Windfall Elimination Provision reduces CSRS employees Social Security benefits based on how many years they had “Substantial Earnings” per the Chart below:


Year

Substantial
earnings

1937-54

$ 900

1955-58

$1,050

1959-65

$1,200

1966-67

$1,650

1968-71

$1,950

1972

$2,250

1973

$2,700

1974

$3,300

1975

$3,525

1976

$3,825

1977

$4,125

1978

$4,425

1979

$4,725

1980

$5,100

1981

$5,550

1982

$6,075

1983

$6,675

1984

$7,050

1985

$7,425

1986

$7,875

1987

$8,175

1988

$8,400

1989

$8,925

1990

$9,525

1991

$9,900

1992

$10,350

1993

$10,725

1994

$11,250

1995

$11,325

1996

$11,625

1997

$12,150

1998

$12,675

1999

$13,425

2000

$14,175

2001

$14,925

2002

$15,750

2003

$16,125

2004

$16,275

2005

$16,725

2006

$17,475

2007

$18,150

2008

$18,975

2009 - 2011

$19,800

2012

$20,475

If you made at least the amount shown on the chart in a given year that year would be counted.      If a CSRS employee worked 10 years from 1972-1982 and paid social security in those years and earned $7,000 in each of those years then the employee would have 10 years of “Substantial Earnings”.      
Now that we know how many years of substantial earnings we can find out how much our Social Security will be reduced by referring to another Social Security Chart.     The following chart has years down the left-hand side.   This is the year in which you turned 62.    Find the year where you turn 62 and then find the years of substantial service and you will see the amount your Social Security is reduced.   

                                                   

Maximum Monthly Amount Your Benefit May Be Reduced Because Of The Windfall Elimination Provision (WEP)*

ELY

Years of Substantial Earnings

20 or less

21

22

23

24

25

26

27

28

29

30

1990

$178.0

$160.2

$142.4

$124.6

$106.8

$89.0

$71.2

$53.4

$35.6

$17.8

$0.0

1991

185.0

166.5

148.0

129.5

111.0

92.5

74.0

55.5

37.0

18.5

0.0

1992

193.5

174.2

154.8

135.5

116.1

96.8

77.4

58.1

38.7

19.4

0.0

1993

200.5

180.5

160.4

140.4

120.3

100.3

80.2

60.2

40.1

20.1

0.0

1994

211.0

189.9

168.8

147.7

126.6

105.5

84.4

63.3

42.2

21.1

0.0

1995

213.0

191.7

170.4

149.1

127.8

106.5

85.2

63.9

42.6

21.3

0.0

1996

218.5

196.7

174.8

153.0

131.1

109.3

87.4

65.6

43.7

21.9

0.0

1997

227.5

204.8

182.0

159.3

136.5

113.8

91.0

68.3

45.5

22.8

0.0

1998

238.5

214.7

190.8

167.0

143.1

119.3

95.4

71.6

47.7

23.9

0.0

1999

252.5

227.3

202.0

176.8

151.5

126.3

101.0

75.8

50.5

25.3

0.0

2000

265.5

239.0

212.4

185.9

159.3

132.8

106.2

79.7

53.1

26.6

0.0

2001

280.5

252.5

224.4

196.4

168.3

140.3

112.2

84.2

56.1

28.1

0.0

2002

296.0

266.4

236.8

207.2

177.6

148.0

118.4

88.8

59.2

29.6

0.0

2003

303.0

272.7

242.4

212.1

181.8

151.5

121.2

90.9

60.6

30.3

0.0

2004

306.0

275.4

244.8

214.2

183.6

153.0

122.4

91.8

61.2

30.6

0.0

2005

313.5

282.2

250.8

219.5

188.1

156.8

125.4

94.1

62.7

31.4

0.0

2006

328.0

295.2

262.4

229.6

196.8

164.0

131.2

98.4

65.6

32.8

0.0

2007

340.0

306.0

272.0

238.0

204.0

170.0

136.0

102.0

68.0

34.0

0.0

2008

355.5

320.0

284.4

248.9

213.3

177.8

142.2

106.7

71.1

35.6

0.0

2009

372.0

334.8

297.6

260.4

223.2

186.0

148.8

111.6

74.4

37.2

0.0

2010

380.5

342.5

304.4

266.4

228.3

190.3

152.2

114.2

76.1

38.1

0.0

2011

374.5

337.1

299.6

262.2

224.7

187.3

149.8

112.4

74.9

37.5

0.0

2012

383.5

345.2

306.8

268.5

230.1

191.8

153.4

115.1

76.7

38.4

0.0

*Important: The maximum amount may be overstated. The WEP reduction is limited to one-half of your pension from non-covered employment.

Using our example and assuming our employee turned 62 in 2011 they would have a reduction of $374.50 (using the 20 or less for years of substantial earnings).     The more substantial earnings years you have the less the deduction from your social security.
Our next blog post will be how the Government Pension Off-set affects Spousal benefits when the spouse is a CSRS employee.


 

 

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