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Publication 915 Social Security Benefits and Equivalent Railroad Retirement Benefits Irs Form

Publication 915 Social Security Benefits and Equivalent Railroad Retirement Benefits Irs Form

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So a common question we get with Social Security  is: how much does a pension reduce your social   security benefit by? First thing you have to look  at is when you are working - did you pay into Social   Security? So if you're receiving a pension but  in your pay, you also paid into Social Security   there's really not going to be a reduction in your Social Security. You'll get both just fine. So ultimately though, if you worked in let's say a school system or for a government entity that did not pay into Social Security, your pension will get reduced. I'm sorry I meant your   Social Security will get reduced by a certain  % of your pension amount. So typically   this is probably around 2/3 so you would get  2/3 of your Social Security benefits. But you know   I'm talking not just to one single person, I'm  talking to the masses here in this YouTube post.   So what we've done is we've poste

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