WHY SOCIAL SECURITY ACTUAL DIFFER FROM ESTIMATES

The actual amount benefits you will receive as a result of applying for benefits may differ from any and all estimates received because:

• Your earnings may increase or decrease in the future.
• After your benefits have begun, they will be adjusted for cost-of-living increases.
• Estimated benefits are based on current law.  Laws governing benefits amounts may change.
• The amount you receive in benefits may be affected by military service, railroad employment or pensions earned from work where you did not pay Social Security taxes.

If you receive a pension from being employed and did not pay Social Security taxes and you qualify for Social Security from your own employment or are eligible for a disability benefit, your Social Security may be reduced by the Windfall Elimination Provision, but not eliminated.  The amount of the reduction is dependent upon earnings and the number of years in employment where you paid Social Security taxes, the year you become 62 years of age or become disabled.  For the 2014 year, the maximum amount of the reduction is $408.  The Social Security Administration can direct you in estimating the Windfall Elimination Provision’s effect on your Social Security benefit.

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