10 Social Security claiming strategies

• If you receive a pension from work in the public sector, including some school teachers, where you did not pay FICA taxes, your Social Security benefits may be reduced or eliminated.
• The Windfall Elimination Provision (WEP) can reduce a worker’s retirement benefit by up to half of his or her pension, but not more than $408 per month in 2014.
• The Government Pension Offset (GPO) rule reduces spousal and survivor benefits by two-thirds of the amount of the non-covered pension with no maximum limit.