How Much is Social Security Reduced if You Have a Pension?

A common question we get is; how much does a pension reduce your social security benefit by? The first thing you have to look at is if you paid into social security while you were working. If you are receiving a pension and also paid into social security while you were working, you should be able to receive both just fine. If you worked for a school system or the government and did not pay into social security while working, unfortunately, your social security will be reduced. Typically you will get about 2/3 of your social security, but it really depends on the person.

We also have a calculator to help you calculate your final social security amount. However, the best thing you can do is make an appointment with a social security administrative person and get that evaluated. That way you will fully understand what your income will be before retirement.

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Casey Smith
President, Wiser Wealth Management

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