Retirement Planning

Will my retirement pension from my work reduce the amount of my Social Security benefit ?

Answer:

Generally, if your retirement pension is from work where you also paid Social Security taxes, it will not affect your Social Security benefit. Pensions based on work that is not covered by Social Security such as the federal civil service and some state, local, or foreign government systems probably will reduce the amount of your Social Security benefit. Speak to your local CPA or the Social Security Administration for more details.
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Answer Provided by: CPAdirectory

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