Do you know that teachers in fourteen states (Alaska, California, Colorado, Connecticut, Illinois, Kentucky, Louisiana, Maine, Massachusetts, Minnesota, Missouri, Nevada, Ohio, and Texas) may receive Social Security benefits that are less than what is estimated on their Social Security statement?
This is due to a Social Security rule called the Windfall Elimination Provision. This rules may also affect other civil service workers such as law enforcement agents, fire fighters, postal workers, government employees and people who receive a pension from work done in another country.
There is a related rule called the Government Pension Offset that affects the benefit these same people may receive as a spouse or widow/widower.
The rules may affect you if you receive a pension from years of earnings where those earnings were not covered under the Social Security system. Yes, believe it or not, there are many civil entities which have their own pension system and back when it was established they opted out of Social Security.
If you think one of these rules may affect you or your spouse learn more at:
(P.S. Chris, I'm not sure who you are, but you called me about a year ago, asking me to write about these topics. If you are still a reader of my column, well, it's taken me a year to get that far down on my to-do list, but here it is!)