Form Details
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SSA uses the information collected on Form SSA-150 to determine the correct formula to be used in computing Social Security benefits for someone who receives a pension from employment not covered by Social Security. WEP requires use of a benefit formula that replaces a smaller percentage of a worker's preretirement earnings. However, the difference in the benefit amount computed (using the modified and the regular formulas) cannot be greater than one-half of the amount of the pension received in the first month an individual is entitled to both the pension and the Social Security benefit.
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