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URL:  https://boards.fool.com/modest-salaries-plus-decent-pensions-plus-ss-add-34115127.aspx

Subject:  Re: Millionaire professions Date:  1/21/2019  1:56 PM
Author:  quizzical100 Number:  91651 of 93634

Modest salaries plus decent pensions plus SS add up to a pretty good recipe for living within your means and saving for retirement.

In Ohio teachers' state pensions are a substitute for SS, not in addition to. Of course a teacher can earn SS credits through summer employment and the like, but the years spent in a different retirement system count against you when computing your SS benefit. I won't see a dime of SS even though I have enough credits because of my 30 years in the state system.

https://www.ssa.gov/planners/retire/gpo-wep.html:

"Some federal employees and employees of state or local government agencies may be eligible for pensions that are based on earnings not covered by Social Security.

If you didn't pay Social Security taxes on your government earnings and you are eligible for Social Security benefits, the formula used to figure your benefit amount may be modified, giving you a lower Social Security benefit."

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