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In planning for retirement I have been counting on (estimated) social security payments and (estimated) pension payments, and just adding the two of them together, thinking that it would all be income. But just recently I seem to to have heard or read somewhere that the SS payment is REDUCED in cases in which a pension is received. I already figured that the pension amount would make more of the SS amount taxable, but I never thought the SS payments would be reduced.

Is this true?

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