Social Security pension offset
The Fortune 500 company I worked for went bankrupt and my pension was transferred to PBGC (Pension Benefit Guarantee Corp.). PBGC shows my pension is subject to a Social Security Offset Amount. On the Pensions input tab do I enter the annual amount before or after the offset is applied? The help screen talks about making automatic Social Security reductions
Mon, 03/26/2018 - 08:56
Enter it before the offset
Enter it before the offset and indicate that the pension is from earnings not covered by SS and that should cause the program to invoke the GPO when it calculates the SS benefit.