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Posted on 3/18/25 at 10:21 am to pochejp
Yep, that began this year and just now going into affect. The windfall tax was eliminated. They are also refunding whatever you would have received last year. Wife just got a nice check. I am thinking her next SS check will be increased quite a bit.
Posted on 3/18/25 at 10:22 am to jeffsdad
quote:
Wife just got a nice check. I am thinking her next SS check will be increased quite a bit.
we're going to Vegas baby!!!
Posted on 3/18/25 at 10:23 am to jeffsdad
quote:
Yep, that began this year and just now going into affect. The windfall tax was eliminated. They are also refunding whatever you would have received last year. Wife just got a nice check. I am thinking her next SS check will be increased quite a bit.
And good to know it will run out quicker. Can't wait.
Posted on 3/18/25 at 10:23 am to TJG210
You can receive SS while not breathing, so anything is possible.
Posted on 3/18/25 at 10:26 am to GeauxldMember
quote:
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.
This. My Dad draws railroad pension (he worked there almost 50 years). He forgoes his SS for jobs he worked previous to.
ETA: FWIW railroad pension is generous. But he also paid for it personally by working the jobs he worked and having health issues related to that work.
This post was edited on 3/18/25 at 10:28 am
Posted on 3/18/25 at 10:30 am to TJG210
quote:
quote:
Thanks Trump.
That above law was under Biden
quote:
This Act was introduced by Louisiana representative Garret Graves, has been passed by both the House and the Senate, and was presented to President Biden for signature last Friday. We expect this to be signed into law in the coming days. Key Provisions Likely To Be Repealed • Windfall Elimination Provision (WEP): Enacted in 1983, WEP reduced Social Security benefits for individuals who earned pensions from non-Social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. • Government Pension Offset (GPO): Enacted in 1977, GPO reduced spousal and survivor benefits by two-thirds of a retiree’s government pension. The repeal will restore full benefits to affected spouses and survivors.
More info from the document she had
This has been an issue since the 1980s.
This isnt a BIDEN gift to anyone. This has been a point theft for years.
Posted on 3/18/25 at 10:34 am to BluegrassBelle
quote:
This. My Dad draws railroad pension (he worked there almost 50 years). He forgoes his SS for jobs he worked previous to.
ETA: FWIW railroad pension is generous. But he also paid for it personally by working the jobs he worked and having health issues related to that work.
My parents just got an increase as my father has pensions with the Feds and state on top of VA and SS. He was getting shorted in SS for the small number of years he worked private. Never quite seen anything like it.
I wouldnt doubt the railroad has a very nice pension plan. I see what the military has done for my family and its been amazing. In the long run, if you are steady, the straight pension month to month is very powerful.
Posted on 3/18/25 at 10:57 am to TJG210
You can receive both, yes. But, make sure that Social Security is advised that there is a pension as well. If not, Social Security may overpay, and they will force the overage to be paid back.
Posted on 3/18/25 at 11:01 am to PhilipMarlowe
quote:I've found the low IQ Kackles voter.
Thanks Trump.
Posted on 3/18/25 at 11:09 am to TJG210
Without reading all of this thread I'll simply add based on my experience there are a bunch of rules as to what a spouse can draw.
In the case I am closest to a lawyer advised that the wife has to draw off of husband's SS. We set it up that way.
No brainer for us because drawing off of mine gave her more money.
Based on the little info provided I can only suggest your mother see a lawyer.
In the case I am closest to a lawyer advised that the wife has to draw off of husband's SS. We set it up that way.
No brainer for us because drawing off of mine gave her more money.
Based on the little info provided I can only suggest your mother see a lawyer.
Posted on 3/18/25 at 2:47 pm to TJG210
Depends on the type of pension. Old federal pensions were not eligible for social security (CSRS), but as far as I know this doesn't impact the spouse's eligibility assuming she didn't have a CSRS pension as well.
Keep in mind old federal pensions were way more generous than the current scheme, like 80% of your salary after 20 years, for life.
Keep in mind old federal pensions were way more generous than the current scheme, like 80% of your salary after 20 years, for life.
Posted on 3/18/25 at 3:17 pm to DakIsNoLB
quote:
You need minimum 40 qualifying quarters to draw SS.
I knew it was something like this. I probably won't collect SS but I will get 90% of my ending 5 salary from my pension so I think I'll be ok at that time.
Posted on 3/18/25 at 3:37 pm to TJG210
Not sure if this has been answered, but I started my career as a pension actuary.
If someone has earned a corporate pension, they absolutely can receive their full SS benefit.
For the most part, the same applies to someone who will earned a pension from a public (city, county, state or federal) entity.
However - I have seen public funds where the participant was exempt from contributing to SS - and therefore would not be entitled to a SS benefit if they never earned enough credits.
I've seen the same thing in faith based pensions.
If someone has earned a corporate pension, they absolutely can receive their full SS benefit.
For the most part, the same applies to someone who will earned a pension from a public (city, county, state or federal) entity.
However - I have seen public funds where the participant was exempt from contributing to SS - and therefore would not be entitled to a SS benefit if they never earned enough credits.
I've seen the same thing in faith based pensions.
Posted on 3/18/25 at 3:52 pm to TJG210
My mom collects both. My dad passed in '22.
Posted on 3/18/25 at 3:53 pm to TJG210
My mom gets SS and her pension for the last 3 years without any problems.
Posted on 3/18/25 at 5:15 pm to TJG210
Yes. That’s what I’m doing.
Posted on 3/18/25 at 7:18 pm to TJG210
Railroad employees do not qualify for SS benefits because they don’t pay SS taxes. They are exempt
Posted on 3/18/25 at 7:23 pm to TJG210
Widows benefits.
Posted on 3/18/25 at 7:51 pm to TJG210
Was it a government pension? My mom made most of her work history as a teacher, so she gets her state pension and not social security. She qualified for a small social security amount based on her work history before I was born.
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