Social Security and Government Employees: Part Three – Government Pension Offset
In Parts One and Two of this series, we looked at certain types of government employees who have worked previously with a “non-covered” pension. That is, they worked at a job where they didn’t have to pay Social Security withholding taxes, but got a separate pension from the “non-covered” work they did. Now we look at the Government Pension Offset (GPO), which is used to reduce Social Security spousal benefits to offset the perceived “windfall.”
by William F. Rainaldi, CFP®
Regional Vice President