I just received notice of my updated SS Annual Statement and was surprised to see that the estimate actually went down even though I had a decent raise this last year.
They've made major changes to the format (or maybe I'm seeing new info as I'm getting closer to age 62? - I'm 58 now). Anyway, they included a new section on WEP that was not there before. Way back in the '80s I had a few years in grad school where I was a research asst. and got a few bucks. Back then I didn't even realize I wasn't paying into SS...
I guess that's why it's lower now - they are finally taking into account those few years? Even with those I still have 35 years of "substantial" earnings where I've paid into SS - so I guess they'll only dock me 10%?
I still need to check with the university and see what they say but will have to get passed this holiday weekend since I'm lock out of my online accout
What has the experience been for those with only a few years of not paying in to SS?
They've made major changes to the format (or maybe I'm seeing new info as I'm getting closer to age 62? - I'm 58 now). Anyway, they included a new section on WEP that was not there before. Way back in the '80s I had a few years in grad school where I was a research asst. and got a few bucks. Back then I didn't even realize I wasn't paying into SS...
I guess that's why it's lower now - they are finally taking into account those few years? Even with those I still have 35 years of "substantial" earnings where I've paid into SS - so I guess they'll only dock me 10%?
I still need to check with the university and see what they say but will have to get passed this holiday weekend since I'm lock out of my online accout
What has the experience been for those with only a few years of not paying in to SS?