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Re: "Retirement expense" over "SS income"
Old 10-27-2006, 03:49 PM   #10
Thinks s/he gets paid by the post
 
Join Date: Mar 2006
Location: Houston
Posts: 1,886
Quote:
Originally Posted by astromeria
-- DS, public school teacher in MA, doesn't. (But he pays 11% of each paycheck into the MA Teachers' Retirement Fund instead.)
Thanks astromeria. I didn't know that.

About your DS: The 11%, is that his contribution, or 5.5 of his and 5.5 match by the state? If all his, does he get any matching from the state?


Quote:
Originally Posted by Gumby
There is a "Windfall Elimination Provision" that kicks in when someone is receiving a pension from a job where social security taxes were not withheld (like some teachers). If the pension is large enough, it eliminates the spousal social security amount.
Thanks. Didn't know that either. Other than some teachers, are there other type of jobs that do not pay SS tax?
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