Larry. I am a retired NV teacher in the (marvelous) PERS retirement system. I worked enough summer jobs and NV National Guard to qualify for about $900 when I turn 66.2 years old. The rumor mill out here claims that I’ll only get about $300 monthly from Social Security because I’m receiving PERS money. Please, tell me the rumor mill is wrong !!!!!

Hi,

Your monthly Social Security retirement benefit rate won't be reduced by as much as $600 because of your PERS pension, but it sounds like it will almost certainly be reduced significantly due to the Windfall Elimination Provision (WEP). WEP can cause a person's Social Security retirement benefit rate to be calculated using a less generous calculation formula if they receive a pension based on their work and earnings that were exempt from Social Security taxes (https://www.ssa.gov/pubs/EN-05-10045.pdf).

I don't have enough information to be able to give you an idea of how much your Social Security rate may be reduced, but you may want to strongly consider using our software (https://maximizemysocialsecurity.com/purchase) to analyze your options so that you can determine the best strategy for maximizing your benefits. Our software is fully capable of handling WEP computations.

Best, Jerry