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What are “years of substantial earnings”?

To determine your WEP reduction, the Social Security Administration (SSA) looks at your "years of coverage." A year only counts if you earned above a specific dollar amount where you paid Social Security taxes.

The WEP Factor Scale

  • 30+ Years: No WEP (90% Factor)
  • 21–29 Years: Partial (45%–85% Factor)
  • 20 or Less: Max Penalty (40% Factor)

Historical Thresholds

Compare your annual earnings history to these yearly amounts. If you earned more than the amount shown, that year counts as a year of coverage.

Year Substantial Earnings
2026 (Est.)$34,250
2025$33,250
2024$31,275
2023$29,700
2022$27,300
2021$26,550
2020$25,575

Pro Tip

Log in to my Social Security (ssa.gov) to download your full earnings record. Do not count years where you only worked in your non-covered pension job.

Last updated: February 2026