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How Will My German Pension Impact My Social Security?
How will my German pension impact my social security? I worked for a private company in Germany and payed into the German social security system. Thank you
Hi,
I don't have enough information about your circumstances to fully answer your question. However, if you receive a German pension based on your work there, it could cause your Social Security retirement benefit rate to be calculated using a less generous computational formula. This is due to Social Security's Windfall Elimination Provision (WEP). For more information on WEP and it's exceptions, refer to this Social Security publication: https://www.ssa.gov/pubs/EN-05-10045.pdf.
Our maximization software is fully programmed to handle WEP considerations, so you may want to consider using it to help you with your Social Security planning.
Best, Jerry
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Posted:
January 13, 2018