I know there are quite a few public sector retirees on the forum, and I just know one of you can answer the question I have about Social Security and the Windfall Elimination Provision (WEP).
Specifically, I am curious about how WEP will affect DH's spousal benefits if I file and suspend until age 70, as I plan to do when the time comes.
I thought it might be a good idea to let my SS amount build up for that extra 4 years, not only for longevity insurance but also for some offset of the WEP.
(That, or I could w*ork for 9 more years to get up to the 30 years needed so I would not be subject to WEP.)
When I file and suspend at age 66 and 2 years, I would then have DH, who is 2 years older and was the higher earner, take the spousal benefit from my SS for a couple of years until HE turns 70. Then he can file for SS on his record.
(And yes, I know about the GPO offset if I draw on his benefits. One thing at a time!)
When he takes a spousal benefit based on MY record, is his spousal benefit also going to be reduced because of the WEP?
Take your time. I have 9 years to figure this out!
Thanks for any feedback you can offer.