Quote:
Originally Posted by fishbones
I'm not trying to be flip here, but do state employees pay into and receive social security benefits as well as their pensions?
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No, we do not pay into SS. We can receive SS retirement benefits only if we paid into SS from earlier employment. We have our own pension fund, and we have to work 10 years to vest.
After 20 years the pension benefit is 80% of your last year's salary---fully taxable.