Max Wep Reduction 2024. They may soon be on the way out. Our windfall elimination provision (wep) online calculator can tell you how your benefits may be affected.
As you may know, the maximum wep reduction is equal to the lesser of 50% of the first “bend point” for each year or 50% of the amount of the pension from income that was. For people with 20 or fewer yocs who become eligible for benefits in 2022, the wep reduces the first factor from 90% to 40%, resulting in a maximum reduction of $587 (90% of $1,174 minus 40% of $1,174).