- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Time to end state tax free treatment of government employee retirements
Posted on 11/29/16 at 11:14 am to I B Freeman
Posted on 11/29/16 at 11:14 am to I B Freeman
1. Are members of LASERS able to draw Social Security benefits?
For their State service, LASERS members do not pay the Social Security tax and are not eligible to draw benefits. The LASERS retirement system is mandatory for most state employees. State employees who retire with a LASERS pension and who earned a Social Security benefit from private employment will likely see a substantial reduction in their Social Security benefits due to the Windfall Elimination Provision federal offset. Also, a LASERS retiree whose spouse earned a Social Security benefit may completely lose that spousal benefit due to the federal Government Pension Offset.
For more information, view the LASERS video, Social Security Offsets (WEP and GPO).
(return to top)
For their State service, LASERS members do not pay the Social Security tax and are not eligible to draw benefits. The LASERS retirement system is mandatory for most state employees. State employees who retire with a LASERS pension and who earned a Social Security benefit from private employment will likely see a substantial reduction in their Social Security benefits due to the Windfall Elimination Provision federal offset. Also, a LASERS retiree whose spouse earned a Social Security benefit may completely lose that spousal benefit due to the federal Government Pension Offset.
For more information, view the LASERS video, Social Security Offsets (WEP and GPO).
(return to top)
Popular
Back to top
Follow TigerDroppings for LSU Football News