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qualified social security replacement question
Old 10-20-2014, 11:43 AM   #1
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qualified social security replacement question

DW has a money purchase pension plan 401(a) in lieu of Social Security (she works for a municipality). So the Government Pension Offset will apply to the spousal and survivor benefits from my SS. It is clear to me how the GPO would be calculated with a defined benefit pension, but how can the GPO be calculated on a defined contribution pension?

Specifically, according to DW's employee handbook, the 401(a) does not have to be taken as an annuity, but may be taken as a lump sum, or some other non-annuity payment option. And the 401(a) can be mixed (after retirement) with other accounts like a 457. So what is the way to calculate the GPO on a pension lump sum?
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Old 10-20-2014, 12:40 PM   #2
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I found this IRS worksheet https://secure.ssa.gov/apps10/poms.nsf/lnx/0202608400
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