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city offered a 457b deferred compensation..Will my Social Security benefits be subject to any reduction

Q) I just turned 62. I have 23 years employment paying into SS. I have 16 years working for a city police department that did not pay into social security. Instead the city offered a 457b deferred compensation program in which they contributed 4% of my base salary but no additional money for any overtime I earned. Will my SS benefits be subject to any reduction in benefits such as the windfall elimination provision?

A) Deferred compensation shouldn’t affect Social Security benefits. Generally, the Social Security Administration isn’t worried about payments that aren’t for work in the current period. Because deferred compensation typically is subject to Social Security tax withholding, choosing to defer pay shouldn’t reduce the benefits that eventually will be available when a person goes to collect benefits, either. Source: https://finance.zacks.com/deferred-compensation-affects-social-security-benefits-11598.html

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3 Responses to I had my right knee replaced. Can I apply for Supplemental Security Insurance?

  1. I received a call from a fake caller pretending to be from the social security office. Dealing with some wrong doings with my Ss# I’ve done nothing but contact y’all. It’s been happening a lot lately my phone and a few of my friends phones got hacked the other week and a lot of strange things have been happening

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