By: Tim Hayes Financial Advisor - posted in: Financial and Retirement Planning - Last updated Mar 8, 2019

Social Security & Pension from MTRS

Public employees in Massachusetts do not contribute to Social Security; however, many do contribute through other jobs.  Also, some have spouses who take part in the Social Security system.

403b TSA Plan for Teachers and Administrators

  • 1. The windfall elimination reduces any Social Security earned by an educator by about 55%. For example, a retired teacher receiving a pension from MTRS also qualifies for a monthly Social Security benefit of $1,000 might only receive $450 a month from Social Security.
  • 2. The offset provision affects Social Security spouse’s or widow’s or widower’s benefits.  For example, if a married teacher receives a pension from MTRS of $6,000 a month two-thirds of that amount ($4,000) will be credited against any benefit from their spouse’s Social Security.
    • So, if a spouse dies and the retired teacher is eligible for $2,000 survivor benefit from Social Security they would receive none of it because the $4,000 would eat into all of it.
    • Very few married people who retire with a pension from MTRS will receive anything from their spouse’s Social Security.

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