Windfall Reduction Provision and 401(k)
ESPlanner does not seem to be implementing a WEP reduction to my social security benefits. My situation is the following: I am 70+ and began receiving SSA benefits a few months ago based on covered employment early in my career. I am currently employed in a non-covered position and instead contibute (together with my employer) into a 401(k). My understanding based on substantial research (see for example * below) is that, when I eventually retire, the SSA will actuarially prorate my 401(k) accumulation into a monthly payment amount and regard this as the amount of my monthly "pension." This then will be fed into the WEP calculator to find the amount of the WEP reduction to my benefits. I do not see this procedure implemented in ESPlanner. To the best of scrutiny, ESPlanner seems to make no note of WEP at all in my case. Please let me know if I am missing something.