I have been told that I will lose a percentage of Social Security Benefits because I have worked for a municipality (for the past 28 years) and it is considered "double dipping". Does this sound right? My money went to social security and my money went into my pension. Why would I lose any of it?

Hi,

Yes, assuming that your earnings for the municipality that you mention were exempt from Social Security taxes, that sounds correct. The reason for that is the Windfall Elimination Provision (WEP) that Congress passed into Social Security law in 1985. For more information on WEP, refer to this Social Security publication: https://www.ssa.gov/pubs/EN-05-10045.pdf.

Best, Jerry