Liz Weston: For many, social security is more like insurance than a retirement account
Liz Weston: For many, social security is more like insurance than a retirement account

Liz Weston: For many, social security is more like insurance than a retirement account

Liz Weston, columnist for personal finance

Dear Liz: My wife died in March 2020. I receive nothing from her social security (beyond $ 255) and will only receive a portion of mine due to the unexpected elimination. Is there anything I can do as I do not receive any of what she has paid for social security and only a fraction of mine?

Reply: In short, no. If you receive a pension from a job that did not contribute to social security, the public pension equalization reduces any social security survivor’s or spouse’s benefit by two thirds of the amount of your pension. If two-thirds of your pension amount is greater than your survivor’s benefit, you will not receive any survivor’s benefit.

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