Social Security increase

[stevej37]

Originally Posted by MMARSH

Yes Sir, you are correct. Pension Plan.

I still don't understand.
I have a pension plan that I built up with almost 40 years of service...but I was never given the opportunity to not pay into social security.
Are some states different than others for that?

[GH85Carrera]

My understand is only certain Federal employees could skip Social Security and Medicare taxes. Of course congress exempted themselves and set up much better (for them) plan.

[MMARSH]

Originally Posted by stevej37

I still don't understand.
I have a pension plan that I built up with almost 40 years of service...but I was never given the opportunity to not pay into social security.
Are some states different than others for that?

State and local government employees who are covered under a public retirement plan do not need to pay twice by paying into Social Security. So for over 30 years I didn't pay into SS. and I don't have the minimum 40 credits to receive any SS benefits.

The good thing is you'll be able to get both your Pension and your SS benefits.

[stevej37]

Ok...I see
Thanks.

[The Synergizer]

A little misleading ...