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Social Security and Your CalPERS Pension

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CalPERS

Link to the presentation notes: https://www.calpers.ca.gov/sources/me...

If you're eligible to receive a CalPERS pension from an employer who didn't withhold Social Security taxes from your earnings, two provisions may apply to you that could reduce your Social Security benefits. For example, teachers and most safety personnel, such as firefighters and police officers, don't pay into Social Security. In this video, we'll explain the Windfall Elimination Provision and the Government Pension Offset that can affect your Social Security benefit.

0:00 Presentation
0:52 Social Security Basics
10:11 Windfall Elimination Provision (WEP)
13:15 Government Pension Offset (GPO)
16:34 Resources

posted by cboxgirlsle