Question: how to calculate social security benefits with wep?
Answer: If You Choose Early Retirement Your monthly benefit is reduced to 72.5% because you will get benefits for 54 additional months. Your age 62 retirement benefit is $676 ($933 x 72.5% = $676) per month. If your full retirement benefit had not been reduced by WEP, your age 62 retirement benefit would have been $1,012.