Social Security Offset - WEP

[PainPA]

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?

[J Simmons]

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

[PainPA]

Thank You... have you ever heard of participant being able to OPT IN to social security even if the employer does not?

[J Simmons]

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.