New Rockford Transcript - Official Newspaper of Eddy County since 1883

Savvy Senior: How a Government Pension Might Reduce Your Social Security Benefits

 

June 3, 2019



Dear Savvy Senior,

As a teacher for 20 years, I receive a pension from a school system that did not withhold Social Security taxes from my pay. After teaching, I’ve been working for a small company where I do pay Social Security taxes. Now, approaching age 65, I would like to retire and apply for my Social Security benefits. But I’ve been told that my teacher’s pension may cause me to lose some of my Social Security. Is that true?

Ready to Retire

Dear Ready,

Yes, it’s true. It’s very likely that your Social Security retirement benefits will be reduced under the terms of a governme...



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