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Search: Posts Made By: mattlmt
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Forum: USA
Sep 10th 2012, 5:07 pm
Replies: 103
Views: 15,409
Posted By mattlmt

Re: National Insurance

Indeed they do! Yes, he's been in touch with a number of people in Congress and with the SSA.
Forum: USA
Sep 10th 2012, 4:53 pm
Replies: 3
Views: 2,042
Posted By mattlmt

Re: Windfall Elimination Provision (WEP)

Here's update from Ric Robson that may help.
-------------------------------------------

1) the "substantial earnings" requirement is off-base by SSA on two points
i) the PURPOSE of Agreements...
Forum: USA
Sep 10th 2012, 4:51 pm
Replies: 3
Views: 2,042
Posted By mattlmt

Windfall Elimination Provision (WEP)

Ric Robson, who has substantial experience in group pensions, pension administration, pension plan design and legal constructs, has researched WEP and finds it illegal/unconstitutional as it has...
Forum: USA
Sep 10th 2012, 4:45 pm
Replies: 103
Views: 15,409
Posted By mattlmt

Re: National Insurance/US SS/WEP on earned UK Pensions

Here's update from Ric Robson that may help.
-------------------------------------------

1) the "substantial earnings" requirement is off-base by SSA on two points
i) the PURPOSE of...
Forum: USA
Sep 10th 2012, 4:34 pm
Replies: 103
Views: 15,409
Posted By mattlmt

Re: National Insurance

Unless you make it to thirty years US substantial earnings?
Forum: USA
Sep 10th 2012, 5:09 am
Replies: 103
Views: 15,409
Posted By mattlmt

Re: National Insurance

Well for what it's worth that will help a little bit as you will not have any WEP on your UK pension as it's all voluntary or credit based.

Sorry to hear about the State pension. I hope the...
Forum: USA
Sep 10th 2012, 3:14 am
Replies: 103
Views: 15,409
Posted By mattlmt

Re: National Insurance

Nun, were your three years of UK NI Contributions, Class 1, worked after April 5, 1975? The UK changed to earned NI contributions after that date.
Forum: USA
Sep 9th 2012, 11:11 pm
Replies: 103
Views: 15,409
Posted By mattlmt

Re: National Insurance/US SS/WEP on earned UK Pensions

You're welcome, Matt.

WEP applied to foreign pensions worked before a person emigrates to the United States is "legal fraud" on so many levels, including ironically no representation, no legal...
Forum: USA
Sep 8th 2012, 3:45 pm
Replies: 103
Views: 15,409
Posted By mattlmt

Re: National Insurance/US SS/WEP on earned UK Pensions

Ric Robson, who has substantial experience in group pensions, pension administration, pension plan design and legal constructs, has researched WEP and finds it illegal/unconstitutional as it has...
Forum: USA
Jun 27th 2012, 12:27 am
Replies: 103
Views: 15,409
Posted By mattlmt

Re: National Insurance

Nun, I'm having a bit of a time understanding Part 3 of the SSA document you linked in that the US does have a Totalization Agreement with the UK.

Does this mean that any portion of a UK pension...
Forum: USA
Jun 26th 2012, 11:37 pm
Replies: 1,834
Views: 537,556
Posted By mattlmt

Re: UK state pension and USA social security

Nun, will probably able to tell you for sure. It looks to me as if you will have a GPO/WEP reduction on your SS benefit - calculated from the earned part of your UK Pension - unless you have thirty...
Forum: USA
Jun 24th 2012, 3:46 pm
Replies: 103
Views: 15,409
Posted By mattlmt

Re: National Insurance

Not to flog this thing to death, but I read this from SSA as:

Class 2 Self-employment NI Contributions are not applicable as Voluntary Contributions (but seen as worked contributions as Class 1)...
Forum: USA
Jun 24th 2012, 6:17 am
Replies: 103
Views: 15,409
Posted By mattlmt

Re: National Insurance

I think I read somewhere in the UK Pension literature online about a Special Provision that you use Class 3 Contributions if you are expecting to reach State Pension age by April 2015, and you have...
Forum: USA
Jun 23rd 2012, 1:26 pm
Replies: 103
Views: 15,409
Posted By mattlmt

Re: National Insurance

I agree with you on US reform. In principle, I'd prefer a standard weekly or monthly NI contribution divorced from earnings and a standard benefit amount on retirement based on years contributed.
...
Forum: USA
Jun 23rd 2012, 3:58 am
Replies: 103
Views: 15,409
Posted By mattlmt

Re: National Insurance

Hi Nun,

If you read the act repeal and looked at the actual law, the Sustained Earnings Threshold would be eliminated. I agree with you that benefits based on years of contribution are the best...
Forum: USA
Jun 23rd 2012, 12:35 am
Replies: 103
Views: 15,409
Posted By mattlmt

Re: National Insurance

Unfortunately you are probably correct for the time being, but it's a process that should be maintained. Right now it has co-sponsorship in the House of around 167 reps, and about 19 Senators in...
Forum: USA
Jun 22nd 2012, 11:46 pm
Replies: 103
Views: 15,409
Posted By mattlmt

Re: National Insurance

You are right regarding the focus not being on Foreign Pensions, but if we can get rid of WEP it will include (I hope) WEP on foreign pensions. Of course if nobody supports the repeal by actively...
Forum: USA
Jun 22nd 2012, 9:36 pm
Replies: 103
Views: 15,409
Posted By mattlmt

Re: National Insurance

From what I can see it's not what the Brits think, it's what the Americans think!

If you paid Class 2 self-employed contributions to the UK scheme, and you do not have enough US Sustained Earnings...
Forum: USA
Jun 22nd 2012, 7:22 pm
Replies: 103
Views: 15,409
Posted By mattlmt

Re: National Insurance

Does anyone have any information on how work performed in the UK prior to April 1975 is handled by WEP?

April 1, 1975 was the date the UK system changed to a work based NI system.

Before that...
Forum: USA
Jun 22nd 2012, 6:40 pm
Replies: 103
Views: 15,409
Posted By mattlmt

Re: National Insurance

Sally,

It all goes back to the US Social Security position that lower paid workers get a higher percentage return for the money they have put in the system in relation to Higher Paid workers. I...
Forum: USA
Jun 22nd 2012, 4:06 pm
Replies: 103
Views: 15,409
Posted By mattlmt

Re: National Insurance

Thanks for the update on this Class 2 or Class 3 Contributions.

My understanding is Class 2 Contributions are self-employed contributions and not Voluntary Contributions as such.

If this is...
Forum: USA
Jun 21st 2012, 10:26 pm
Replies: 103
Views: 15,409
Posted By mattlmt

Re: National Insurance

I assume you have emigrated by now and hope all is well.

I would advise you to make Voluntary Class 3 Contributions to your UK Pension while living in the States until you have reached the current...
Forum: USA
Jun 19th 2012, 6:42 pm
Replies: 1,834
Views: 537,556
Posted By mattlmt

Re: UK state pension and USA social security

Bob, thanks for your reply. It was very helpful. I'm also making sure my wife (who is American born) will receive some UK Pension in a couple of years when I draw UK SS.

All the best with your...
Forum: USA
Jun 18th 2012, 9:32 pm
Replies: 1,834
Views: 537,556
Posted By mattlmt

Re: UK state pension and USA social security

Hi Bob,

I'm actually in the same position and would appreciate any feedback you might now have on what to expect! Did you put your SS# on the UK form?

I'm taking US SS now, early at 62, and...
Showing results 1 to 24 of 24


 
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