Should Wealthy Clients Delay Taking Social Security?

[buynholdisdead]

@aj485

That’s not true. As a retiree with a public pension, you can collect any SS you are entitled to that’s in excess of 50% of your government pension. If your SS is not in excess of 50% of your government pension, then I’m not sure what you’re crying about. Your taxpayer paid pension is least twice as much as you would be getting from taxpayer paid SS. Sorry, but as a taxpayer, I don’t think that taxpayers should be funding SS for someone who is already getting >200% of the SS amount from the taxpayers. Not to mention that, this has been the deal for more than 40 years, so at this point, anyone who is affected by this should have known the deal when they took the public pension job.

You keep stating that AJ but it is incorrect. I am not sure where you get your information but this is from the government.

We’ll reduce your Social Security benefits by two-thirds of your government pension. In other words, if you get a monthly civil service pension of $600, two-thirds of that, or $400, must be deducted from your Social Security benefits.

EN-05-10007.pdf

Andy