Ask Larry

Will My Benefits Be Reduced Because I'm Collecting A Union Pension?

I'm collecting now a union pension and debating about taking my social security benefit early at 62 , will my benefit be reduced because I collect a union pension? I know I will be reduced because of age.

Hi,

Your union pension won't reduce your Social Security benefit unless the pension is based on your earnings that were exempt from Social Security taxes.

You may want to strongly consider using our software (https://maximizemysocialsecurity.com/purchase) to fully analyze the filing options available to you in order to determine your best strategy for maximizing benefits.

Best, Jerry

Posted: 
Aug 5 2020 - 10:57am
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