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Social Security Offset - WEP


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Is it true that if a governmental employer who has opted out of social security and has now decided to provide a retirement plan, could adversely hurt the social security of an employee that worked in the private sector and paid into SS for 10+ years?

Does it matter what type of plan is started? SEP, MPP, 401a or DB?

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Don't know about a SEP, but if any 401a plan, yes.

A good write-up about this may be found at http://www.reish.com/publications/article_...m?ARTICLEID=682

John Simmons

johnsimmonslaw@gmail.com

Note to Readers: For you, I'm a stranger posting on a bulletin board. Posts here should not be given the same weight as personalized advice from a professional who knows or can learn all the facts of your situation.

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I've heard of ministers who conscientiously object to participating in Social Security being able to opt out on an individual basis, I think using Form 4361. But never heard of employees of a local government that opted out of Social Security being able to opt-in.

John Simmons

johnsimmonslaw@gmail.com

Note to Readers: For you, I'm a stranger posting on a bulletin board. Posts here should not be given the same weight as personalized advice from a professional who knows or can learn all the facts of your situation.

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