If you receive a government pension (PERA, etc.), you will be interested in this article from Larry Swedroe.
Today, we’ll continue our look at how having a government pension from a job where you didn’t contribute to Social Security can affect your Social Security benefits. Yesterday, we looked at the windfall elimination provision, which affects your benefits. Today, we’ll talk about the Government Pension Offset Provision (GPO) which affects your spouse’s or widow(er)’s benefits.The offset, or reduction, is equal to 2/3 of your government pension and can eliminate your spouse’s or widow(er)’s benefit.
…..Read the complete article here …