Monday, January 06, 2025

New Year's changes in Social Security benefits for retirees

If you are retired and receiving a public pension (like STRS or PERS in Ohio) you couldn't "double dip" and also get your social security benefits. That has just changed. All the details are not worked out yet, and I have no idea how retroactive it will be. Retirees' associations have been battling this for over 40 years, but of course if Biden signed the bill he'll get the credit. To look it up check out government offset, or windfall--they are 2 different laws.

https://www.ssa.gov/pubs/EN-05-10045.pdf?

https://www.ssa.gov/policy/docs/program-explainers/windfall-elimination-provision.html?


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