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Posted on 3/18/25 at 5:00 am to TJG210
I think the key here is that he worked at a railway. As others mentioned, they have their own thing going on.
Posted on 3/18/25 at 5:28 am to TJG210
Yes.
Posted on 3/18/25 at 5:31 am to TJG210
Think it just changed a couple months back.
Posted on 3/18/25 at 5:59 am to TJG210
Your mom will get her SS or your dad’s SS, whichever is higher.
This post was edited on 3/18/25 at 5:59 am
Posted on 3/18/25 at 6:26 am to TJG210
We don't pay into SS where I work. So I will receive a pension when I retire in 13 years(after working there 30). The only SS I will collect is around 9 years worth, if I even have enough points.
Posted on 3/18/25 at 6:37 am to TJG210
Eliminating Windfall was the ONLY good thing aboot Biden…
Wait…
If that was signed by his autopen…
Wait…
If that was signed by his autopen…
Posted on 3/18/25 at 6:41 am to TJG210
If your dad worked for the USG under the old pension system (CSRS) that was for employees that started prior to 1984ish, he would not be eligible for SS as they didn’t pay into it. However, they were eligible for a pension of 2%x the number of years worked. Pretty sweet deal if you worked 30+ years or more. They changed to FERS in the 80’s where employees paid into SS and also got 5% matching into a 401k. They lowered the pension percentage from 2 to1% x number of years for the pension. That’s what I got when I retired
Posted on 3/18/25 at 6:49 am to TJG210
quote:
That’s crazy if my mom/sister was in fact told the wrong thing
Stop trusting the equivalent of barracks lawyers with unsourced information. The OT is a far more reliable place for knowledge, and that's saying something. With tens/hundreds of thousands of dollars on the line, you should have done more due diligence.
Posted on 3/18/25 at 6:57 am to TJG210
quote:
My wife upon retirement is eligible for a pension (private sector)
A private sector pension? Damn, that must be nice to look forward to
Posted on 3/18/25 at 7:57 am to BigBinBR
quote:
If she worked in the private sector - and got all of her quarters - the the SSFA applies to her and she can collect both.
This is true; however, the Railroad Retirement pension will be reduced by the amount of the SS benefit if she opts to take both, so it’s generally pointless to do so.
From Railroad Retirement website:
quote:
No. The SSFA does not change any of the existing laws that require the reduction of a railroad retirement annuity due to the receipt of any social security benefit. Consequently, if an annuitant is receiving both a railroad retirement annuity and a social security benefit, the railroad retirement tier I component will continue to be offset by the amount of the social security benefit each month. In addition, the SSFA does not remove the reduction applied to the railroad retirement annuities of persons who also receive workers’ compensation or a public disability benefit.
Railroad Retirement
Posted on 3/18/25 at 8:00 am to GetCocky11
quote:
A private sector pension?
I have one for a place I worked from 2005-2011 that I keep forgetting about. I only get letters from them when I move. Apparently I'm going to get about $400 a month from it. Value is under 100k, I think they discontinued the program a few years after I started.
Posted on 3/18/25 at 8:06 am to TJG210
quote:
My mom started collecting my dad’s pension after he had passed away. I was shocked when she told me today that she’s ineligible for social security because of this. I thought anyone who pays into social security is eligible for receiving the benefit at retirement.
The only thing I have ever heard of along these lines is the teachers union in Missouri. They do not pay into SS so that the money goes to the pension and they are therefore not eligible for SS when they retire unless they go take another job somewhere and pay into SS before retirement.
Posted on 3/18/25 at 8:12 am to windmill
quote:
You can collect both a pension and SS at the same time.
Correct, and I can answer that with 100% certainty because I'm doing it.
Posted on 3/18/25 at 8:21 am to TJG210
A lot of people get both social security and a pension
Posted on 3/18/25 at 8:23 am to TJG210
My mom had this going on. Did this get eliminated?
Appears so on 1/5/25. I wonder if she even knows
quote:
Windfall Elimination Provision (WEP): Enacted in 1983, WEP reduced Social Security benefits for individuals who earned pensions from non-Social Security-covered jobs, such as state or local government roles. Its repeal will increase payments for many retirees.
Appears so on 1/5/25. I wonder if she even knows
This post was edited on 3/18/25 at 8:26 am
Posted on 3/18/25 at 8:35 am to TJG210
quote:
my dad’s pension was through a railroad
This changes everything. Railroad employees do not pay social security or collect it. They have their own, similar program run by the Railroad Retirement Board.
Wiki: "The RRB serves U.S. railroad workers and their families, and administers retirement, survivor, unemployment, and sickness benefits. Consequently, railroad workers do not participate in the United States Social Security program."
Others on here have mentioned this, but it bears emphasizing. The rules related to how it impacts collection of other benefits will be totally different than if dad had a private company pension.
This is a good example of why professionals often don't like to give cocktail party or message board advice. OP asked: "Can you receive social security while also getting a pension?" The general answer is yes, but we didn't know that the said pension was railroad retirement until that slipped out later. Total game changer.
Posted on 3/18/25 at 9:55 am to TJG210
If your dad worked for the railroads, he had to choose one or the other.
Posted on 3/18/25 at 9:59 am to pochejp
quote:
The Social Security Fairness Act, signed into law on January 5, 2025, eliminates the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), which previously reduced the Railroad Retirement Tier 1 benefits of railroad workers, spouses, and survivors who also received public pensions from work not covered by Social Security
Ah I was coming to say my mom continued receiving my dad's pension from State of La, his military retirement, AND SS payments from time of his death in 2018 until her death in 2024.
The railroad exemption explains it.
Posted on 3/18/25 at 10:15 am to cheobode
quote:.
We don't pay into SS where I work. So I will receive a pension when I retire in 13 years(after working there 30). The only SS I will collect is around 9 years worth, if I even have enough points.
You need minimum 40 qualifying quarters to draw SS. That's technically 10 years, but even that is misleading. There's two income thresholds per quarter:
1. Earn enough to have them take out social security.
2. Earn enough to have a qualifying quarter.
The threshold for having it taken out is lower than the qualifying quarter amount. Also, though you may show that you had an annual income for 9 years, if any of it was seasonal (e.g. you only worked the middle 6 months of the year), you only get two quarters that year; not four.
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