Social Security Benefits: Windfall Elimination Provision

Orange County Lawyer, Vol. 35, No. 12, p. 30, December 2011

5 Pages Posted: 1 Dec 2011

See all articles by Francine J. Lipman

Francine J. Lipman

University of Nevada, Las Vegas - William S. Boyd School of Law

James E. Williamson

San Diego State University - College of Business Administration

Date Written: December 1, 2011

Abstract

Twenty-five percent of all public employees, or more than five million state and local workers as well as one million federal workers, participate in alternative plans to Social Security. These employers and employees do not pay Social Security taxes or receive Social Security credit for their wages. These non-Social Security pension benefits can supplement and diversify a retirement income portfolio that includes Social Security benefits if the worker can structure his career to otherwise qualify for Social Security benefits. Not surprisingly the interplay of Social Security with alternative pensions can be confusing and does have traps for the unwary, including the windfall elimination provision, but rewards for strategic planners. This article will describe this interplay and demonstrate undue hardships in the existing structure and suggest strategies for maximizing aggregate retirement income benefits.

Keywords: Social Security retirement benefits, windfall elimination provision

JEL Classification: K34, I31, J14, H23, H53, M52

Suggested Citation

Lipman, Francine J. and Williamson, James E., Social Security Benefits: Windfall Elimination Provision (December 1, 2011). Orange County Lawyer, Vol. 35, No. 12, p. 30, December 2011. Available at SSRN: https://ssrn.com/abstract=1966853

Francine J. Lipman (Contact Author)

University of Nevada, Las Vegas - William S. Boyd School of Law ( email )

4505 South Maryland Parkway
Box 451003
Las Vegas, NV 89154
United States

James E. Williamson

San Diego State University - College of Business Administration ( email )

School of Accountancy
San Diego, CA 92182-8230
United States
619-594-6021 (Phone)

HOME PAGE: http://www.sdsu.edu

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